Pound shops and VAT increase....

Fruball

Sorry if this is a dumb question but I am a bit concerned about how the VAT increase will affect shops such as poundland etc...

Presumably they won't become £1 and 2.5p shops

I was hoping to use our local pound shop more this year as i have just discovered it and there are many foody bargains to be had in there, and sweets etc.

How will they make the extra money?

runninglea

same as everywhere else - marks wont put up there prices from 5.99 to 6.14

dawnybabes

Poundworld are going to start charging for carrier bags -IIRC about 2p each ....

Fruball

Thanks

Altho some shops did put their prices to silly numbers when the vat went up and down before.....

IIRC???

rachbc

yep theyndid - thinks went from round £s to a few pence less and I suspect they will go up the same - most companies can't/ won't absorb the costs themselves, in fact cynical me suspects the prices will go up more than the 2.5%

withabix

Pound shops (especially the chain stores) have 'special size' pack sizes for a lot of items.

Pack sizes will shrink, just like they have done for all sorts of things recently.

Fruball

Yeah I noticed that in MrT - they used to do girls knickers for £2 for 7 pairs, now you only get 6

Fruball

rachbc wrote: »

yep theyndid - thinks went from round £s to a few pence less and I suspect they will go up the same - most companies can't/ won't absorb the costs themselves, in fact cynical me suspects the prices will go up more than the 2.5%

Yes I agree - prices have been flying up for a while, and this is just going to be another of what we have already been experiencing for months :mad:

tallyhoh

Poundland did not reduce their price when VAT went down so they probably wont increase it.

roosterpotatoes

Frugal wrote: »

Thanks

Altho some shops did put their prices to silly numbers when the vat went up and down before.....

IIRC???

Think it means If I Remember Correctly

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