What: 30 luxury and retail leaders are backing the call to reinstate VAT-free shopping for international tourists.

Why it is important: VAT-free shopping could generate GBP 350 million for the economy each year and help retail sales in the UK reach GBP 1.5 billion.

The mayor of London is backed by 30 luxury and retail leaders in asking to bring back VAT-free shopping for international tourists to boost the British economy.

Harrods, Selfridges, and Burberry are some of the industry leaders backing the renewed call, in hopes to support the return of tourists and strengthen the UK as a top destination for international shoppers.

Reinstating tax-free shopping could generate GBP 350 million for the economy each year and Walpole, who has also backed the call, states that the UK could reach retail sales of GBP 1.2 billion and attract an additional 600,000 tourists.

Burberry and Selfridges join fresh call to reinstate tax-free shopping