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Old 25-11-2008, 14:04   #7 (permalink)
Markulous
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Re: 2.5% off VAT..Yeeehah!

Quote:
Originally Posted by john crossley View Post
That has to be an administrative nightmare for a retailer, not only do they have to re-price all thier stock, but re-print all their brochures and catalogues etc aswell.
That's if they reduce their prices...... and there's nothing to make sure they do (even the government has acknowledged that it'll probably be only about half the retailers that will)

The whole initiative is (presumably) meant to give the 'feel good' factor and rather depends on everyone feeling good with the token 2.50% VAT offset by a 2p increase in fuel and higher NI. Personally, it hasn't made me 'feel good' and it looks like getting worse next year
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