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Business Live with Ian King: Fashion designer Sir Paul Smith backs tourist tax U-turn

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Join Ian King and guests as Sir Paul Smith tells Sky News that his support for an end to the £2bn tourist tax extends way beyond the hit to his own business, arguing that the tax sends a message that the UK's "fantastic" attractions are closed.

In an interview with Business Live, he explained why he added his name to a letter to the chancellor - signed by 400 business leaders - demanding the decision to scrap VAT-free shopping for international visitors is overturned.

It was reported over the weekend that Jeremy Hunt had asked the Office for Budget Responsibility to review the tax which, according to estimates, rakes in about £2bn for UK public coffers.

#PaulSmith #Fashion #UTurn #Tourism #TouristTax #Business

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Category
World
Tags
business, economy, business news
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