HMT announced in September this year that the VAT RES (tax-free shopping) scheme will end on 31 December, as the UK exits the European Union. In this session our panelists give their analysis of the impacts to UK business and Chancellor’s response so far to calls from the retail, hospitality, airline and manufacturing sectors to overturn this decision. They will give an overview of the impacts on their particular sectors or brand; reflect on the long-term consequences for Global Britain – including its competitiveness, reputation around the world, retail environment of the future; and – most crucially - the impact of removing the scheme on jobs and visitor numbers.
