Government U-turn on VAT-free shopping is ‘hammer blow’ for UK retail

Jeremy Hunt

UK retail representative bodies have called the government’s decision to roll back promised VAT-free shopping a “hammer blow” for an industry still struggling to recover fully from the pandemic.

New chancellor Jeremy Hunt has rolled back many of the measures announced by his predecessor Kwasi Kwarteng at his mini-budget at the end of September, including cancelling the rise in corporation tax, the removal of the 45% top tax rate for high earners and the cut to the basic rate of income tax.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading 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:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

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.