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Re: 20% vat
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Homesick? |
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Why? It is all relative to the cost of everything else not just one thing like VAT |
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Re: 20% vat
BBC News - Who, What, Why: What happens to £9.99 when VAT rises?
The standard rate of VAT has gone up from 17.5% to 20%. What will this mean for the familiar "price points" to which consumers are accustomed? |
Re: 20% vat
Simple answer to the original question is yes.. this will harm the economy and also harm small business.. Cameron's comments on the run up to the election?.. " Let us be in no doubt that any rise in VAT will affect the poorest in our society" ...:(... we have become the highest taxed nation in the G8..have borrowed and spent the most in the history of this country.. along with paying the highest gas, electric, and petrol prices in the western world.. all in the space of eight months!
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And if anyone charges you an extra 2.5% claiming it is the VAT increase, then they are conning you. For example, if the charge is £10.00, they might put it up to £10.25. However, the £10.00 was made up of £8.51 plus £1.49 VAT. The new charge should be £8.51 plus £1.70 VAT = £10.21. Not a lot, you might think, but a nice little earner for the supplier. |
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If you still think it's a nice little earner I would be quite happy to listen to any offers for the purchase of my business :D |
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hang on im wrong there our government borrowed money to give away because they havnt saved any money yet |
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There are two issues here. One was a loan to Ireland which we will make a profit on, which is different to giving aid. Would you have let Ireland go to the wall despite our publicly owned banks being exposed by billions? |
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