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Pre Budget: VAT to rise to 17.5% in Jan as planned

edited 9 December 2009 at 1:51PM in Shop but don't drop
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Former_MSE_GuyFormer_MSE_Guy Former MSE
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edited 9 December 2009 at 1:51PM in Shop but don't drop
This is the discussion thread for the following MSE News Story:

"Chancellor Alistair Darling has confirmed VAT will rise from 15% to 17.5% in January as planned...."



  • wizk1wizk1 Forumite
    911 Posts
    Part of the Furniture 500 Posts
    I don't see the benefit of the original cut. Everywhere you look now, prices are still set at £X.99 meaning businesses have swallowed up the benefit of it, as expected. The restoration of the rate will give retailers the excuse to hike their product prices by more than 2.5% VAT difference. So again, we'll lose out. But then again, it's not like never never saw this coming.
  • If you look at Televisions, the newest model is about 60% of the original price 6-8 months after release.

    I'll stagger all my big ticket purchases until my pay/earnings rise significantly.
This discussion has been closed.
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