Major boost for the British economy
Duty Free shopping will now be available on the high street, but the tax discount will only apply to non-British passport holders.
When shoppers buy products they pay a number of taxes on them, such as VAT.
These taxes are already factored in to the sales price – so you might not realise they are there.
Duty free makes products cheaper by removing local taxes, with the expectation the purchase will leave the country.
Tourists used to be able to reclaim VAT before they left the country at airports and refund agencies.
But Rishi Sunak removed the ability when he was Chancellor.
The move was criticised because it saw big budget shoppers choose Paris and New York as their go-to retail destination over London.
Now, Kwasi Kwarteng will bring the tax rebate back.
