VAT increase to cost retailers £90m
The British Retail Consortium (BRC) has forecast that the return of VAT to 17.5% on January 1 will cost retailers £90m, as the Conservative party refused to rule out raising VAT further if they come to power.
SUBSCRIBE TO GET INSTANT ACCESS
Subscribe to Drapers to read this article and 1000s more like it for less than 55p a day
- Never miss the breaking fashion news that matters to you
- Get the fashion industry intelligence you need to be a success
- Identify new opportunities in the changing fashion business