British brands no longer benefit from home advantage on our high streets, according to Chief Executive of the New West End Company, Dee Corsi’s latest piece in City A.M.
Dee Corsi: The tourist tax is hurting Britain, no matter what Rishi Sunak says
The absence of tax-free shopping puts overseas visitors off spending money in the UK and "is already having a tangible impact on some of our internationally renowned British heritage brands and everyone associated with them. These are businesses who represent the very best of British, in some cases for hundreds of years, and we should be doing all we can to protect and celebrate them in the U.K."
"To actively encourage tourists to buy British products outside of the U.K., rather than on home ground, is a disservice to our iconic brands, big and small. We need to be able to compete on an even playing field.
"With British brands speaking up about the impact the ‘tourist tax’ is having on their businesses, we would urge the Prime Minister and Treasury to instruct a formal review of the current tax-free policy to understand the full effects it is having on our economy."