Sparkle: Berry’s stocks brands like Cartier, whose ambassador is Lily Collins

Sparkle: Berry’s stocks brands like Cartier, whose ambassador is Lily Collins

The Government’s ‘farcical’ tourist tax is driving visitors away from Britain, the boss of Yorkshire-based jeweller Berry’s has warned. 

Critics have said the removal of VAT-free shopping for overseas tourists has dealt a ‘hammer blow’ to London. 

But Simon Walton, who runs the 125-year-old business, said that while the emphasis has been on the capital, ‘it’s not just the West End’ that is suffering. 

Tourists ‘travel around the country – and all these places are struggling because tax-free shopping has stopped’. 

VAT-free shopping allows tourists to claim back 20 per cent on their purchases. 

It was axed when the UK left the EU. Kwasi Kwarteng tried to reintroduce it in his ‘mini-Budget’ in September, but Jeremy Hunt, his replacement as Chancellor, reversed the plan. 

This post first appeared on Dailymail.co.uk

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

I’m a budgeting expert – my easy to follow plan will get your finances on track and there’s room for fun too

LUCY Wallington has turned her lifelong passion for budgeting into a business,…

I’m a mum & I’ve saved £355 on electricity bill after going back to basics – here’s how

A MUM saved £355 on her electricity bill after going back to…

I’m a benefits expert – six free cash schemes to apply for NOW and you could get £1,000s

MILLIONS of households are still feeling the pinch – but there is…

MARKET REPORT: Luxury stocks fall out of fashion this Christmas

It might be less than two weeks to Christmas, traditionally a time…