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VAT slashed, where are the savings?

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Old 01 December 2008, 12:48 PM
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finalzero
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Default VAT slashed, where are the savings?

Have the VAT changes taken effect?

Because I haven't noticed a difference in prices, stuff is still over priced around my area and it seems people are using the catch phrase "VAT discounts" to prop up more prices.

Anyone noticed anything (drop in price, the same or increased cost on some items)?
Old 01 December 2008, 12:51 PM
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Tenby
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I doubt you'll see much difference in the 2.1% change
Old 01 December 2008, 12:52 PM
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Timwinner
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I noticed Homebase claiming to pass the VAT saving on. However we went to Homebase for some Christmas stuff and noticed that the EXACT same products with the label changed from Sainsburys to Homebase was being sold at over double the price.

I know they are the same group, and I feel they really should have a bit of consistency..... I'll give them VAT cuts
Old 01 December 2008, 12:52 PM
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not noticed any matey

ps3 games still £39.99 at game etc i asked the manager when would we be paying 2.5% less,he just looked me blank

marcus
Old 01 December 2008, 12:54 PM
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lozgti
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Sure it was someone like Currys who had an advert in the paper with really odd pricing.

People said shops wouldn't sway from £9.99,£39.99 etc but these prices were like £9.87 and £23.72 etc..you get the idea
Old 01 December 2008, 12:56 PM
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darts_aint_sport
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Car prices have changed to include the 2.1% reduction.
Old 01 December 2008, 02:56 PM
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R 14NS R
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bought a dennis pennis dvd from hmv just now, labelled £5 but was £4.81 when i actully paid for it, maybe i would have bought two had i known of the potential savings!!!!!!!!!!!

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Old 01 December 2008, 03:54 PM
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AndyC_772
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I doubt you'll see much difference either, everywhere insists on 'rounding' (and I use the term loosely) everything to £x.99 anyway.

Plus, although VAT has gone down, fuel duty has gone up - and businesses can't reclaim that. So, the cost to the retailer of every single product that ever has to be transported just went up
Old 01 December 2008, 04:01 PM
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I bet you a Vodka & Tonic Homebase and Sainsbury's are not owned by the same company.

Homebase are part of the Argos group.


Originally Posted by Timwinner
I noticed Homebase claiming to pass the VAT saving on. However we went to Homebase for some Christmas stuff and noticed that the EXACT same products with the label changed from Sainsburys to Homebase was being sold at over double the price.

I know they are the same group, and I feel they really should have a bit of consistency..... I'll give them VAT cuts
Old 01 December 2008, 04:04 PM
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Matteeboy
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VAT slashed?!

I'd say very mildly trimmed.

With gay nail scissors.

That are blunt.

And pink.
Old 01 December 2008, 04:06 PM
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Ant
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Ibought a printer from comet and saved about £2.00 , how the shops go off your saving loads it's stupid.
Old 01 December 2008, 04:16 PM
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Underworld
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Originally Posted by R 14NS R
bought a dennis pennis dvd from hmv just now, labelled £5 but was £4.81 when i actully paid for it, maybe i would have bought two had i known of the potential savings!!!!!!!!!!!
do they come on DVD's now??
Old 01 December 2008, 04:21 PM
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finalzero
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Originally Posted by movi-star
I bet you a Vodka & Tonic Homebase and Sainsbury's are not owned by the same company.

Homebase are part of the Argos group.
They are, because I can look out the window to my left and I am staring at the Argos Homebase head office.
Old 01 December 2008, 04:56 PM
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the 2.5% cut in VAT is absolutely pointless. It works out that you save £2.13 off £100. My dad's not changing any prices in his shop, and quite rightly too, the amount of time it would take to go through and change every single price to take account of such a small drop is ridiculous.
I had to go to Tesco's on Saturday and spent £20, they were advertising the fact they were giving the VAT back at the till so guess how much I saved...... 8p!!! WOW!! (bear in mind that the majority of the stuff in there is VAT free anyway) what a load of rubbish! A load of hype for nothing, as usual
Old 01 December 2008, 05:07 PM
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Gordo
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Argos and Homebase are both owned by Home Retail Group. Sainsburys sold Homebase to Schroder Ventures (as was then) back in 2000. They then sold it to GUS plc who spun out that and Argos into Home Retail Group (details below).

So there you go (do I get a vodka & tonic as well?)

Gordo





Homebase was founded in October 1979 as a joint venture with the Belgium retailer GB-Inno-BM (GIB). J Sainsbury Plc held a 75% controlling interest and GIB the other 25%.


Homebase more than trebled its size in 1995 when the company acquired the Texas Homecare business from the Ladbrooke Group Plc. Sainsbury announced in spring 2001 that it had sold the Homebase business to Primera (formally Schroder Ventures) and in January 2003 Primera sold Homebase to GUS Plc. In October 2006 Homebase, along with Argos, demerged from GUS Plc and became part of the Home Retail Group.
Old 01 December 2008, 05:16 PM
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I'm guessing I might be about £10 a month better off (if that), and they'll claw that back off me in very few months indeed with the NI increase. Debenhams made me spend money with 20% off... I ain't even going to bother to find a parking place for 2.5%!

I guess if you're buying a car its good - but if a 2.5% VAT cut convinced me to buy a car at the moment I'd be seriously wondering if I could afford to buy it at all.
Old 01 December 2008, 05:23 PM
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Originally Posted by movi-star
I bet you a Vodka & Tonic Homebase and Sainsbury's are not owned by the same company.

Homebase are part of the Argos group.
Oh yeah, I didnt realise they had sold it off. good spot!
Old 01 December 2008, 06:20 PM
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I've noticed a number of retailers putting prices up
Old 01 December 2008, 06:46 PM
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it's all bollocks really isn't it? most people don't have a bloody clue what price stuff is at the best of times, so throw a figure out there that doesn't end in .99 and some people will go 'wow, must be a great saving' what a load of ****

just had a mail from screwfix and the whole page is littered with .72p, .94p etc, do they really expect me to believe they've done me a deal?? it was probably a pound cheaper last week

**** me i'm in a mood today
Old 01 December 2008, 06:49 PM
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costs of running a business have shot up this year a hell of a lot more then 2.5% or whatever the rate cut was, so i would expect most places to say they are not going to raise the prices up as high as they were going to before to compensate for it and you are lucky with what you get
Old 01 December 2008, 06:50 PM
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David Lock
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Will SN subscription rates change?

Hadn't thought of that had you............
Old 01 December 2008, 09:21 PM
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Clarebabes
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I got a 50p discount at B&Q today. Wow!
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