Last week the researchers at the economic consultancy Oxford Economics produced a groundbreaking new study of the costs and benefits of tax-free shopping. This new report, commissioned by our partners at the Association of International Retail (AIR), undermines the Treasury's assessment of the costs of the scheme and shows once and for all that the scheme would be a money-spinner for the Government and business alike.
The report's key findings are as follows:
This report vindicates our long-held position that removing the scheme was a misjudgment which has damaged our sector, harmed the wider economy and hampered jobs & growth. You can read the full report here.
Many of our members have been very supportive of our work to secure the return of tax-free shopping, and I hope that once again you will be willing to help us. As such, we would appreciate it if you could contact your local MP and ask them to raise this report with the Chancellor. Our partners at AIR have some helpful guidance here.
If you have any questions or would like to speak to a member of the Walpole public policy team, please email [email protected]