• Contact
Saturday, June 28, 2025
Register
Login
European Press
Advertisement
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video
No Result
View All Result
European Press
No Result
View All Result

Businesses urge Rachel Reeves to restore tax-free shopping as US tariffs hit UK exports

19 May 2025
in Business
Reading Time: 3 mins read
A A
Businesses urge Rachel Reeves to restore tax-free shopping as US tariffs hit UK exports
ShareShareShareShareShare

Britain’s leading retail, luxury, and fashion groups are calling on Chancellor Rachel Reeves to reinstate tax-free shopping for international visitors, warning that mounting pressure from US tariffs is eroding UK competitiveness and forcing businesses to scale back transatlantic operations.

In a joint letter four major trade bodies — the British Retail Consortium, British Beauty Council, British Fashion Council, and Walpole, which represents UK luxury brands — urged the Treasury to act swiftly. Their message: restoring VAT-free shopping is not a luxury, but a “proven growth strategy” needed to help the UK economy weather worsening global trade disruption.

“US tariffs will negatively impact our businesses’ profitability,” the organisations wrote. “We are considering how we, as associations, and the UK government could best support businesses at this time.”

The plea comes amid rising concern over the economic fallout from President Trump’s trade policies, which have seen tariffs imposed on a range of UK goods. British businesses in fashion, beauty and luxury sectors are reporting falling demand from American buyers, rising pressure to reduce wholesale prices, and order cancellations.

Some UK companies have already reduced exposure to the US market, while others report a shift in American consumer behaviour — opting to travel abroad for luxury purchases rather than pay higher prices at home. But with the UK no longer offering tax-free shopping, those dollars are increasingly being spent in Paris, Milan and Madrid, where tourists can still reclaim VAT on purchases.

Support authors and subscribe to content

This is premium stuff. Subscribe to read the entire article.

Login if you have purchased

Subscribe

Gain access to all our Premium contents.
More than 100+ articles.
Subscribe Now

Related Posts:

  • Businesses urge Rachel Reeves to restore tax-free shopping as US tariffs hit UK exports
    Businesses urge Rachel Reeves to restore tax-free…
  • UK borrowing falls in May after higher tax on businesses
    Brands warn UK must restore VAT-free shopping to…
  • UK borrowing falls in May after higher tax on businesses
    Made in Britain applications surge following Trump…
  • UK borrowing falls in May after higher tax on businesses
    Rachel Reeves rules out chlorinated chicken ahead of…
ShareTweetSendPinShare
Previous Post

Yankees keep rehabbing reliever in minors to work back to MLB shape

Next Post

Hungarian filmmakers in the shadow of Trump’s tariff threat

Next Post
Hungarian filmmakers in the shadow of Trump’s tariff threat

Hungarian filmmakers in the shadow of Trump's tariff threat

Recommended

Cognixion, Pupil Labs partner on eye-tracking interface

Cognixion, Pupil Labs partner on eye-tracking interface

4 June 2025
UK borrowing falls in May after higher tax on businesses

UK borrowing falls in May after higher tax on businesses

20 June 2025
Japan debt watcher affirms Philippines’ ‘A-’ rating

Japan debt watcher affirms Philippines’ ‘A-’ rating

5 June 2025
New AI can improve non-derma’s ability to diagnose skin conditions

New AI can improve non-derma’s ability to diagnose skin conditions

13 June 2025
FDA clears Sora Neuroscience’s brain mapping software

FDA clears Sora Neuroscience’s brain mapping software

27 June 2025
European Press

European-press.com shares the latest news from Europe and around the world. It covers topics such as business, technology, sports, health, entertainment, and lifestyle. Feel free to get in touch with us!

Disclaimer  Privacy Policy – EU  Imprint 

Contact Us

What’s New Here!

  • Joey Chestnut gives behind-the-scenes look at ‘hungry’ prep for Nathan’s return
  • Russia launches 280 drones and missiles on Ukraine in overnight attacks
  • Here’s how much money a family of four now needs to earn each year to live comfortably in New York
  • Rob Rinder on ‘sense of disappointment’ over Rylan Clark relationship

Subscribe to Our Newsletter

Copyright 2025 © EUROPEAN PRESS All rights on our posts reserved!

Translate »
European Press
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behaviour or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
Manage options Manage services Manage {vendor_count} vendors Read more about these purposes
View preferences
{title} {title} {title}
No Result
View All Result
  • News
  • Business
  • Tech
  • Sport
  • Health
  • Entertainment
  • Lifestyle
  • Video

Copyright 2025 © EUROPEAN PRESS All rights on our posts reserved!

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?
×