Monday, December 1, 2025

Selfridges blames tourist tax for deterring international shoppers as sales plunge

Must read

Liverpool selection shock explained as Arne Slot reveals new injury update

Under-fire Reds boss made some bold calls in much-needed 2-0 win over West Ham Source link

'Black hole lies' leave Reeves fighting for her job in worst crisis so far for Starmer Government

The Prime Minister was rallying to support his Chancellor after she had to deny on live TV that she had misled the public...

Major fast food chain saved in multimillion pound takeover as dozens of branches shut

Byron has been a staple on many British high streets with its specialty burgers, but a new takeover has meant that its seven remaining...

Mike Ashley’s Frasers to post update after grim warning

By EMILY HAWKINS Updated: 16:50 EST, 30 November 2025...

Selfridges blamed the tourist tax for deterring international shoppers after sales plunged last year.

The chain, which has department stores in London, Manchester and Birmingham, highlighted the pain caused by ministers’ refusal to restore VAT-free shopping for overseas visitors.

Sales fell 7 per cent to £774.6million in the 48 weeks to January 4, with the levy – introduced in January 2021 – blamed for ‘reduced numbers of international visitors coming to the UK and shopping in Selfridges’.

More than 500 UK business leaders have backed a Daily Mail campaign to bring back tax-free shopping for foreign visitors, arguing it would encourage more tourists to come to Britain.

Sales slump: Selfridges, which has shops in London, Liverpool and Birmingham, highlighted the pain caused by ministers’ refusal to restore VAT-free shopping for overseas visitors

Sales slump: Selfridges, which has shops in London, Liverpool and Birmingham, highlighted the pain caused by ministers’ refusal to restore VAT-free shopping for overseas visitors

DIY INVESTING PLATFORMS

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

AJ Bell

Easy investing and ready-made portfolios

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Hargreaves Lansdown

Free fund dealing and investment ideas

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

interactive investor

Flat-fee investing from £4.99 per month

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

InvestEngine

Account and trading fee-free ETF investing

Free share dealing and no account fee

Trading 212

Free share dealing and no account fee

Trading 212

Free share dealing and no account fee

Affiliate links: If you take out a product This is Money may earn a commission. These deals are chosen by our editorial team, as we think they are worth highlighting. This does not affect our editorial independence.

Compare the best investing account for you

#Selfridges #blames #tourist #tax #deterring #international #shoppers #sales #plunge

- Advertisement -

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

Latest article

Liverpool selection shock explained as Arne Slot reveals new injury update

Under-fire Reds boss made some bold calls in much-needed 2-0 win over West Ham Source link

'Black hole lies' leave Reeves fighting for her job in worst crisis so far for Starmer Government

The Prime Minister was rallying to support his Chancellor after she had to deny on live TV that she had misled the public...

Major fast food chain saved in multimillion pound takeover as dozens of branches shut

Byron has been a staple on many British high streets with its specialty burgers, but a new takeover has meant that its seven remaining...

Mike Ashley’s Frasers to post update after grim warning

By EMILY HAWKINS Updated: 16:50 EST, 30 November 2025...

Lucas Paqueta slams FA in extraordinary outburst after red card against Liverpool: ‘Ridiculous’

Both were issued for dissent, with Paqueta furious after a decision made by referee Darren England. He continued to argue angrily with the...