DUTY Free shopping will now be available OUTSIDE of airports – but the tax discount will only apply to non-British passport holders.
Holidaymakers will be able to treat themselves to cheaper goodies across the UK in a major boost for the British economy.
When shoppers buy products they pay a number of taxes on them, such as VAT.
These taxes are already factored in to the sales price – so you might not realise they are there.
Duty free makes products cheaper by removing local taxes placed on them, with the expectation the purchase will leave the country.
Tourists used to be able to reclaim those taxes before they left the country at airports and refund agencies.
But Rishi Sunak removed the ability when he was Chancellor.
The move was criticised because it saw big budget shoppers choose Paris and New York as their go-to retail destination over London.
Now, Kwasi Kwarteng will bring the tax rebate back.
By expanding duty free shopping into cities, tourists will have wider access to cheap goodies and will then be more likely to spend money, boosting the local economy.
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The major news came today as part of the Chancellor's mini budget bonanza.
The not so small budget saw Mr Kwarteng swing an axe at a load of taxes.
The National Insurance hike has been scrapped, along with the health and social care levy that was due to replace it in April next year.
Meanwhile, a rise in corporation tax due next year has been binned, along with the cap on bankers' bonuses.
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