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Evening Standard
Evening Standard
Business
Ed Vaizey

Tax-free shopping is a simple gift for growth

Last week, Jeremy Hunt unveiled the “Edinburgh Reforms”, with the aim of revolutionising the UK’s financial service sector, seizing the benefits of Brexit and promoting growth.

It was a vital step by the Chancellor to assist Britain’s financial service industry and secure its international competitiveness. However, many other industries also offer opportunities to support growth following Brexit, with the possibility of drastic benefits in towns and cities across the country.A similar opportunity is the VAT Retail Export Scheme or tax-free shopping.

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