/https://specials-images.forbesimg.com/imageserve/5f5789bc43b2f81f91009723/0x0.jpg)
The UK government is reviving discussions about applying a 2{ddb49247d68e8a8eec8c761414b77c6431eefdf8d3204e1e7b3057c73a3c0249} online sales tax, with the intention of making brick-and-mortar stores more competitive versus online offerings.
Apple Store on Regent Street, London
Online retailers have been blamed in the past for drawing consumers away from retail outlets in the UK, with COVID-19 making trading conditions worse for physical stores in early 2020. While there is a variety of factors at play, the UK government is looking into plans to level the playing field, by making it more expensive to buy online.
More Stories
What is the Effect of FinTech on Banks?
Bias isn’t the only problem with credit scores—and no, AI can’t help
How to Make Enterprise Learning and Development More Accessible to Employees