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    • MSE Guy
    • By MSE Guy 9th Dec 09, 10:28 AM
    • 1,628Posts
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    MSE Guy
    0 WOW
    Pre Budget: VAT to rise to 17.5% in Jan as planned
    • #1
    • 9th Dec 09, 10:28 AM
    0 WOW
    Pre Budget: VAT to rise to 17.5% in Jan as planned 9th Dec 09 at 10:28 AM
    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...."



    Last edited by MSE Guy; 09-12-2009 at 11:51 AM.
Page 1
    • wizk1
    • By wizk1 9th Dec 09, 1:43 PM
    • 901 Posts
    • 609 Thanks
    wizk1
    • #2
    • 9th Dec 09, 1:43 PM
    • #2
    • 9th Dec 09, 1:43 PM
    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.
    • Frozenace
    • By Frozenace 9th Dec 09, 2:09 PM
    • 245 Posts
    • 181 Thanks
    Frozenace
    • #3
    • 9th Dec 09, 2:09 PM
    • #3
    • 9th Dec 09, 2:09 PM
    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.
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