Tax-free Shopping

Lord Londesborough Excerpts

Thursday 15th December 2022 Lords Chamber

[Viscount Younger of Leckie (Con)]

My noble friend makes an excellent point.

[Lord Londesborough (CB)]

My Lords, the arguments for tax-free shopping range from a £2 billion cost to the Treasury to a £4 billion benefit to the wider economy; I cite the recent survey from Oxford Economics. Whatever the truth, given the dire need for economic growth, surely it falls on the Treasury to at least review these important numbers.