Watch Business Live with Ian King: Fashion designer Sir Paul Smith backs tourist tax U-turn

Join Ian King and guests as Sir Paul Smith tells Sky News that his support for an end to the £2bn tourist tax extends way beyond the hit to his own business, arguing that the tax sends a message that the UK's "fantastic" attractions are closed. In an interview with Business Live, he explained why he added his name to a letter to the chancellor - signed by 400 business leaders - demanding the decision to scrap VAT-free shopping for international visitors is overturned. It was reported over the weekend that Jeremy Hunt had asked the Office for Budget Responsibility to review the tax which, according to estimates, rakes in about £2bn for UK public coffers. #PaulSmith #Fashion #UTurn #Tourism #TouristTax #Business Read more ????https://trib.al/hKMzDC6 Latest business news ???? https://trib.al/unXvp4J Money advice blog ???? https://trib.al/wEeVvFT SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews Follow us on Twitter: https://twitter.com/skynews Like us on Facebook: https://www.facebook.com/skynews Follow us on Instagram: https://www.instagram.com/skynews Follow us on TikTok: https://www.tiktok.com/@skynews For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/ Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquí: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales