London Chamber 03.15.23 The London Chamber of Commerce and Industry (LCCI), in response to the Spring Budget, declared that it fell short of delivering optimum value and support for London businesses. With the cost of living crisis, this year’s Budget was a lost opportunity in providing stronger support on energy bills to London’s small and medium sized enterprises (SMEs). To … Read More
BUSINESSLDN COMMENTS ON THE SPRING BUDGET 2023
BusinessLDN 03.14.23 “It is disappointing that the Government has missed an opportunity to launch an independent review of the benefits of VAT-free shopping – a measure that would more than pay for itself by attracting high spending tourists to the UK and support 78,000 jobs across the country.” To read more, please click here
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 … Read More
HMT publishes response to AIR’s Oxford Economics Report
HM Treasury 02.23 In the WPQ, the Exchequer Secretary to the Treasury James Cartlidge gave response to AIR’s Oxford Economics Report. In his response, James Cartlidge claimed the Treasury do not recognise these figures. The OBR, using a higher than usual price elasticity of demand to account for VAT-free shopping being targeted at luxury goods, put this figure at 20,000-30,000 … Read More
AIR launches data at Parliamentary Event – presentations by Global Blue, Harrods, Value Retail, AIR and Conservative MPs
AIR 02.23 AIR launches data at Parliamentary Event – presentations by Global Blue, Harrods, Value Retail, AIR and Conservative MPs. The first major set of industry and consumer data shows the real impact of withdrawing tax-free shopping on the behaviour of international visitors, based on actual spending by non-EU international visitors to Europe in 2022, the first full post-pandemic year. … Read More
AIR wins support of Westminster City Council which includes restoration of Tax-free shopping in its Budget Submission
Westminster City Council 02.02.23 Westminster has a key part to play in enabling the UK economy to return to a stable footing, enabling investment in public services and projects to level up the country. The faster and more prosperous the recovery is, the sooner we will be able to return to our role as an economic engine for the UK: … Read More
AIR initiates and supports House of Lords Debate on Tax-free shopping with Lord Vaizey
In the House of Lords Debate, Lord Vaizey questioned the government that what wastheir assessment of the impact on the United Kingdom economy of the abolition of tax-free shopping. For the full content, please click here.
AIR’s proposals included in DCMS’s report on “Promoting Britain Aboard”
DCMS 24.10.22 Tourism is a cornerstone of the British economy. As one of the most popular destinations in the world, with its heritage, culture and landscape drawing millions of visitors every year, Britain is a global brand. Inbound tourism is the UK’s third largest service export, worth 9% of GDP, and is the industry on which 3.2 million jobs and … Read More
AIR joins new Coalition for International Travel
AIR joined with other businesses to launch a new, economy-wide coalition which believes strongly inthe business case for international travel and its role in a rapid recovery for the UK. The group wrote a letter to the Prime Minister, Rt Hon Boris Johnson, informing him of the importance of international travel to the UK economy. The industry supports hundreds of … Read More
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