We’d like to remind Forumites to please avoid political debate on the Forum.

This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Debate House Prices


In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non MoneySaving matters are no longer permitted. This includes wider debates about general house prices, the economy and politics. As a result, we have taken the decision to keep this board permanently closed, but it remains viewable for users who may find some useful information in it. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide

Where will the VAT rise be noticed most?

13

Comments

  • morag1202
    morag1202 Posts: 536 Forumite
    Barneysmom wrote: »
    Let's face it, we're all scuppered next year, and prices never go down do they?
    I'm worried about the gas/elec more than anything.

    VAT on gas and electric remains at 5%.
    Murphy was an optimist!!!
  • Graham_Devon
    Graham_Devon Posts: 58,560 Forumite
    Part of the Furniture 10,000 Posts Combo Breaker
    morag1202 wrote: »
    VAT on gas and electric remains at 5%.

    Oh.

    Big fail :D
  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    Graham_Devon wrote: »
    Just wondering where you will notice the VAT rise the most?

    For me personally, I think it will be fuel. Labour increased fuel duty to combat the fall in VAT when it fell to 15%, so we never actually noticed a fall in the pump price, however, today, diesel cost me £1.22.9 per litre.

    The VAT rise will push that price up to around £1.25 per litre. With further rises in the pipeline, we could be seeing prices hit an all time high (believe petrols all time high was just under £1.22).

    What about you? Where do you think you'll notice it? Weekly shop? Communications bills? Fuel etc?

    I pay for items in kind. Alternate economy down here.
  • Cleaver
    Cleaver Posts: 6,989 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Graham_Devon wrote: »
    What about you? Where do you think you'll notice it? Weekly shop? Communications bills? Fuel etc?

    To be honest I probably won't notice all that much.
  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    Cleaver wrote: »
    To be honest I probably won't notice all that much.

    Strange, that's what my girlfriend said before moving to fourth base.
  • treliac
    treliac Posts: 4,524 Forumite
    Malcolm. wrote: »
    I pay for items in kind. Alternate economy down here.


    Sounds interesting!
  • treliac
    treliac Posts: 4,524 Forumite
    Cleaver wrote: »
    To be honest I probably won't notice all that much.


    My thinking too.
  • [Deleted User]
    [Deleted User] Posts: 0 Newbie
    Mortgage-free Glee!
    Many small item goods didnt benefit from the reduction in vat from 17.5% to 15%,hardly worth reducing the price of a mars bar by 00.3p,but this will be used as an excuse to increase said mars bar by 1p maybe even 2p.thats why inflation will rise way above the real impact of a 2.5% vat increase.
  • Malcolm.
    Malcolm. Posts: 1,079 Forumite
    treliac wrote: »
    Sounds interesting!

    I expect it'll become far more commonplace with VAT rising. Plus, with people losing faith in paper and gold reserves locked in vaults. I expect it to be the currency of choice by 2020.
  • treliac
    treliac Posts: 4,524 Forumite
    Malcolm. wrote: »
    I expect it'll become far more commonplace with VAT rising. Plus, with people losing faith in paper and gold reserves locked in vaults. I expect it to be the currency of choice by 2020.


    What a novel idea.... bartering with goods and services. Worthy of an enterprise award!
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

🚀 Getting Started

Hi new member!

Our Getting Started Guide will help you get the most out of the Forum

Categories

  • All Categories
  • 354.2K Banking & Borrowing
  • 254.3K Reduce Debt & Boost Income
  • 455.3K Spending & Discounts
  • 247.1K Work, Benefits & Business
  • 603.8K Mortgages, Homes & Bills
  • 178.4K Life & Family
  • 261.3K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16.1K Discuss & Feedback
  • 37.7K Read-Only Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture