LONDON — British retailers and the U.K. government are offering a raft of incentives to entice reluctant shoppers during the holiday period.
British Chancellor Alistair Darling on Monday announced a 2.5 percent cut in value-added tax, to 15 percent, as part of his prebudget report. The cut, one of several measures the government launched to stimulate the U.K. economy, is effective from Dec. 1 to the end of next year and applies to most nonfood products, excluding children’s clothes. It represents a discount of about 2.50 pounds, or $3.75, off an item that costs 100 pounds, or $150.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"