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Reduction in VAT
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<blockquote data-quote="M107" data-source="post: 28794" data-attributes="member: 28"><p>It's not going to do diddly for the economy.</p><p></p><p>I mean most people are saving the brass in their pockets anyway &amp; unless you are spending thousands I cant see a 2.5% cut in vat tempting many shoppers on the high street......</p><p></p><p>Plus given todays news that the Mr Bean lookalike contemplated putting the vat level upto 18.5% in 2010/11 will just compound the above &amp; make people save the cash for the hikes that are gonna come to pay for this over borrowing our glorious leader seems hellbent on undertaking.</p></blockquote><p></p>
[QUOTE="M107, post: 28794, member: 28"] It's not going to do diddly for the economy. I mean most people are saving the brass in their pockets anyway & unless you are spending thousands I cant see a 2.5% cut in vat tempting many shoppers on the high street...... Plus given todays news that the Mr Bean lookalike contemplated putting the vat level upto 18.5% in 2010/11 will just compound the above & make people save the cash for the hikes that are gonna come to pay for this over borrowing our glorious leader seems hellbent on undertaking. [/QUOTE]
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