The government has rejected an additional tax on retail, news that might normally be welcomed, so overburdened with levies is this industry.
However, this particular tax was not designed to raise money for the Treasury or level the playing field between online giants and those with high street stores to pay rates on.
It was a penny tax that would have levied 1p on every item of clothing sold by online and bricks-and-mortar retailers with the £35m raised to be invested in better recycling. The initiative was proposed by Mary Creagh MP, who led a cross-party inquiry into the sustainability of the fashion industry.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.