AIR writes to Exchequer Secretary at HMT showing how data undermines HMT impact forecast 

AIR

03.14.23

On March 10th 2023, Exchequer Secretary to the Treasury James Cartlage replied to the Budget Submission on tax-free shopping made jointly by the Association of International Retail and UKInbound restating that the Treasury’s belief that ending tax-free shopping would have a limited behavioural effect on decisions to visit, or spend, in the UK.

AIR wrote to the Minister that a range of data sources are consistently showing significant behaviour change as international visitors are diverting millions of pounds of spending previously done in Britain to France, Spain and Italy.

To read more, please click here.