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British luxury brand urges chancellor to pursue ‘progressive policies’ in budget to increase spending sprees by foreigners
Bosses at Burberry have urged Rachel Reeves to reinstate a tax-free shopping scheme for tourists in the budget to “unlock further growth” and increase tourist spending.
Executives at the British luxury brand called on the chancellor to pursue “progressive policies” to boost shopping sprees from tourists, pointing specifically to a value-added tax (VAT) refund programme for foreigners that was scrapped five years ago.
Source: www.theguardian.com
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