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February 1, 2024

Hunt must scrap the tourist tax if the UK wants to stay competitive

The tourist tax is causing the UK to fall behind European rivals

Ahead of his Spring Budget, Chancellor Jeremy Hunt is casting around for measures to promote that most elusive of things, economic growth.

It’s a feeling I know well from my days at the Treasury as an adviser to George Osborne.

Happily, there is one pro-growth measure Mr Hunt can take down from the shelf and announce on March 6 that will win plaudits from across the business community and stimulate the economy.

For the last year, the PR firm I co-founded, Soho Communications, has been coordinating a campaign to scrap the so-called ‘tourist tax’. Clients including Rocco Forte Hotels and Kurt Geiger told us their businesses were being hit by the removal of tax-free shopping for tourists by Rishi Sunak in 2021.

Read the full article here

Cebr is an independent London-based economic consultancy specialising in economic impact assessment, macroeconomic forecasting and thought leadership. For more information on this report, or if you are interested in commissioning research with Cebr, please contact us using our enquiries page.

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