Watches of Switzerland boss slams UK VAT rules and favours EU expansion

Interior of Watches of Switzerland’s Regent Street store

Watches of Switzerland chief executive Brian Duffy has called on the government to reverse the “mistake” of ending duty-free shopping benefits in the UK.

“I think it’s a mistake,” the luxury retail boss told Retail Week. “It’s going to dissuade tourism and significantly dissuade tourism spend.

“I think it’s already evident from what I’m hearing in the luxury market that tourists have to some degree returned to the EU, but we’re just not seeing that here at all.

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