Brexit is a drag on growth, says Burberry chair, as he attacks ‘own goal’ on VAT

over 2 years in The guardian

Gerry Murphy tells Rishi Sunak he should reverse decision to remove tax-free shopping for touristsThe chair of Burberry has called Brexit a “drag on growth” and asked Rishi Sunak to reverse a decision to remove tax-free shopping for tourists that has left Britain nursing the “weakest” Covid recovery among its big markets.Gerry Murphy, the chair of the £10bn trench coats to handbags fashion house, told the prime minister that a decision to remove VAT refunds in 2020 has hurt the economy and was a “spectacular own goal”. Continue reading...

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