The weak pound causes American tourists to increase their spending in Great Britain by almost a third

With tax-free shopping and a weaker pound due to the Brexit, American tourists have seen their spending in Great Britain rise by almost a third in the last 12 months

  • US visitors benefit from the poor exchange rates of the pound against the dollar
  • Americans spent 30% more on British goods in March than in the same period last year
  • Tourists can request a refund of the 20% VAT they have paid for goods purchased in the UK
  • Experts point to the & # 39; Meghan Markle effect & # 39; while the British fashion brands got a boost

A weaker pound after Brexit and tax-free shopping have caused American tourists to see their spending increase by almost a third, new data reveal.

American visitors benefit from the poor exchange rates of the pound against the dollar and an increase in daily flights across the pond to spend a lot of money on the British main streets.

Tourists can request a refund of the 20% VAT they have paid for goods purchased in the UK, as long as they plan to leave the EU within three months.

Figures on such refunds show that US visitors spent 30 percent more on British goods in March than in 2018.

A weaker pound after Brexit and tax-free shopping have caused American tourists to see their spending increase by almost a third, new data reveal.

A weaker pound after Brexit and tax-free shopping have caused American tourists to see their spending increase by almost a third, new data reveal.

The fashion industry in the UK, particularly top brands such as Burberry and Vivienne Westwood, was the biggest benefactor of the plan.

Retail experts pointed to the & # 39; Meghan Markle effect & # 39; with the support of the Duchess of Sussex to British fashion houses that raise awareness of such American brands.

UK retail sales rose much more than expected in March, despite political uncertainty about the Brexit and turmoil for department stores.

Total sales increased 1.1 percent compared to February, when they rose 0.6 percent, the Office for National Statistics (ONS) said in a statement.

The March reading easily surpasses analysts' consensus forecast for an increase of just 0.3 percent, according to a Bloomberg poll.

& # 39; Consumers have been undeniably resilient and have so far largely wiped out Brexit worries & quot ;, said EY economist Howard Archer.

The Duchess of Sussex, wearing a Burberry trench coat, kneels down and talks to a young girl in Auckland, New Zealand during a tour of the country in October

The Duchess of Sussex, wearing a Burberry trench coat, kneels down and talks to a young girl in Auckland, New Zealand during a tour of the country in October

The Duchess of Sussex, wearing a Burberry trench coat, kneels down and talks to a young girl in Auckland, New Zealand during a tour of the country in October

& # 39; But retailers are nevertheless likely to be wary that consumers could become more cautious and limit spending in the coming months due to long-term Brexit uncertainties – and a very uncertain domestic economic and political environment. & # 39;

The increase in sales may reflect the storage of stocks by some consumers, before the original Brexit date of March 29, Archer added.

Britain must now leave the European Union by 31 October.

In addition, retail sales rose 6.7 percent in March compared to a year earlier in the best annual earnings since October 2016.

However, the comparison was skewed because retail sales were stranded in March 2018 due to freezing weather during the so-called & # 39; Beast from the East & # 39 ;.

This year, on the other hand, Great Britain had warm weather in March.

The ONS also revealed on Thursday that department store sales fell by 0.3 percent in March compared to a year earlier – the only category to register a decline.

& # 39; While the quantity purchased in department stores is declining, other store types are making a positive contribution to overall retail growth, & # 39; said the US.

Department stores are particularly affected by the fierce competition from online-specific retailers, who do not have such high costs.

Earlier this month, Great Britain & # 39; s largest department store chain Debenhams was taken over by its lenders.

Debenhams had rejected a takeover bid from tycoon Mike Ashley, who saved department store chain Chain of Fraser last year.

US visitors benefit from the poor exchange rates of the pound against the dollar and an increase in daily flights over the pond to spend a lot of money on the British main streets

US visitors benefit from the poor exchange rates of the pound against the dollar and an increase in daily flights across the pond to make major spending on the British main streets

US visitors benefit from the poor exchange rates of the pound against the dollar and an increase in daily flights over the pond to spend a lot of money on the British main streets

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