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

Join Ian King and friends as Sir Paul Smith tells Sky News that his help for an finish to the £2bn vacationer tax extends means past the hit to his personal enterprise, arguing that the tax sends a message that the UK’s "fantastic" points of interest are closed.

In an interview with Business Live, he defined why he added his identify to a letter to the chancellor – signed by 400 enterprise leaders – demanding the choice to scrap VAT-free searching for worldwide guests is overturned.

It was reported over the weekend that Jeremy Hunt had requested the Office for Budget Responsibility to overview the tax which, in line with estimates, rakes in about £2bn for UK public coffers.

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