Dee Corsi: One clear trend from London Fashion Week? The tourist tax is failing retail
London Fashion Week has just drawn to a close, but the absence of tax-free shopping continues to impact British brands both in the West End and at a national level.
While iconic British brands continue to invest in the U.K., the absence of tax-free shopping effectively places a 20 per cent premium on goods purchased in London, compared to Milan and Paris, whose boutiques continue to benefit from the perk.
In an article in City A.M., our Chief Executive, Dee Corsi, argues for the reinstatement of tax-free shopping as a simple and effective measure to reinject growth into the national economy.
