Scrapping Tax-Free Shopping Is Costing Britain $14 Billion In Lost GDP, Says Report

Scrapping Tax-Free Shopping Is Costing Britain $14 Billion In Lost GDP, Says Report

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A new report, released Monday, says that the removal of tax-free shopping in the U.K.—brought about by Rishi Sunak when he was chancellor and who is now prime minister—is costing the country £10.7 billion ($14 billion) and deterring two million tourists a year from visiting. At the time of the ban…

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