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5,498 articles · 37 live sources · updated 5h ago
IPPR proposes a 2% online sales tax plus a 1% charge on click-and-collect purchases to raise at least £1.5bn, using revenue to cut business rates for leisure, hospitality and retail on local high streets.
IPPR argues for an online sales tax to level the playing field between high streets and e‑commerce, claiming current business taxes overburden physical retail and that high streets provide wider social and economic infrastructure.
IPPR’s paper models a mutual recognition agreement (MRA) allowing EU acceptance of UK testing bodies and finds it could boost UK exports by £3.7–£6.5 billion annually (around 0.1–0.18% of GDP), concentrated in automobiles, pharmaceuticals and electronics.
IPPR estimates that absent a post‑Brexit mutual recognition deal on product testing, UK goods exports to the EU were £3.7–£6.5 billion lower per year between 2021–24, hitting autos, electronics and pharmaceuticals most and urging a priority MRA approach.