Tourist Spending: VAT - Question

Part of the debate – in the House of Lords at 3:17 pm on 24 May 2023.

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Photo of Baroness Penn Baroness Penn The Parliamentary Secretary, HM Treasury 3:17, 24 May 2023

The noble Lord makes an important point. We have taken steps during the pandemic to provide support for those towns that rely on tourism; £37 billion of support went to tourism, leisure and hospitality in the form of grants, loans and tax breaks. We have the tourism recovery plan, which is focused on both international visitors and domestic tourism within the UK. We also have the towns fund, which is specifically focused on helping regenerate towns, including many of the seaside towns that do not tend to benefit from the bigger-city deals.