Labour MPs have sparked controversy over an amendment that could pave the way for a new holiday tax just days before the forthcoming Budget. Prominent figures within the hospitality sector
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Selfridges has attributed a notable decline in revenue to the repercussions of abolishing tax-free shopping for international visitors in Britain. The retailer, which operates flagship stores in London, Birmingham and
Europe’s largest travel operator, Tui, has delivered stronger-than-anticipated profits and revenues despite facing a turbulent operating environment across the continent. The Frankfurt-listed giant, whose portfolio stretches across five European airlines,
Tourist expenditure across Britain is predicted to remain suppressed over the next five years, driven by persistent inflation, a robust pound sterling and the cessation of VAT-free shopping, according to
