Daily Luxury Digest
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Thursday 24th September at 4pm
As widely reported by both Walpole and the media, last week’s announcement that the Treasury will abolish tax-free shopping in the UK by the end of 2020 could not have come at a worse time for Britain’s luxury and hospitality brands. The unexpected and unwelcome announcement will have a disastrous impact on the appeal of the UK to international visitors, put at risk thousands of jobs across the country, and severely impact the luxury, hospitality and tourism sectors – already severely hampered by the ongoing Covid-19 crisis.
Since the announcement, Walpole has been working with our contacts across government, members and business organisations including the Association of International Retail (AIR) and the New West End Company to make the case for a review of the decision as quickly as possible.
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