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This Sunday, Egyptian president Abdel Fatah El-Sisi announced a hike in sales taxes on imported and local cigarettes

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Removing tax free shopping would lead to a c.15% increase in passenger charges from 2022, due to increased difficulty to remain price competitive versus foreign airports and destinations, as well as the knock-on impact of passengers using the VAT refund scheme at the airport. Global Blue research and analysis said that: 90% of international shoppers who have previously shopped tax free in the UK claim they will choose to shop at an alternative European destination The 20% price increase from this change will lead to a -40% decline of international shopper spend in the UK, with elasticity to price estimated at 2.0 based on historical data