If petrol is the only thing you buy, perhaps.... :wonder:

What a joke, fuel fags and booze will have tax increases to compensate for the VAT. Pathetic :mad:

All a total farce.

Like Blackadder would have said, it's time to say 'Goodbye Darling'.

The BBC site has a comment about NI going up .5p any one seen it, there doesn't seem to be anything stated in the announcement?

badly written ones?

Yes it's gone up for anyone earning over £20k I think it was.

That 2.5% will save me about £350 on the work I'm having done on my car :)

Many places are currently pricing things based on what the market can pay not a fixed mark up. Don't expect any independant Pubs ,hotels restaurants or VAT registered shops to cut prices much. Companies who add VAT to invoices are the only ones who will be in the scenario you describe. Ultimately if the people selling direct to the end user stay in business the support, distribution and manufactureing aspects will benefit by being in business. The public does not get a vat invioce when they go shopping.

So effectively this rewards the feckless? Less money unless you are a serial spender!

Absolute farse, it's a temporary measure to create a false trust.
Why not get rid of costly ministers.

Yep it's Labour, of course they were going to increase tax somewhere along the line. Never expect anything else with those robbing w4nkers. The VAT cut means bu66er all until we have to start paying for it and helping the inept Government paying back its ludicrous borrowing.

So they are going to take the 2.5% VAT off fuel then and add tax to it? I haven't been able to follow it so pardon me if I'm being stoopid :D

What a shambolic report. :razz:

So basically, after all said and done, **** all is changing! :rolleyes:

I'll join you on this:D

2.5% VAT off everything, however with fuel, fags, booze, and anything else you pay duty on they'll increase this to compensate :rolleyes:

I'm so glad I quit smoking. :D It's not far off £6 a pack now! :razz:

You cannot say it will have no effect, that would mean that the fundamental relationship between price and sales no longer exists.

The issue is how much of an impact will it have, and that I suspect is market and sector specific.

The key problem in all of this has been the reduction in credit. Until this is reversed, **** all is going to change. It doesn't matter how much tinkering they do.

A wreckless gamble from a bankrupt government. They won't be happy until they've destroyed the entire economy.



On a related note, I see all police are to be armed with Tazar guns. Probably in preparation for the inevitable civil unrest that's coming.

You lot are never happy are you??? they lower VAT by 2,5% and you are still complaining!!! we pay 19% VAT over here as well as 42% income tax, I get 49% of my wages deducted at source for various taxes and insurances.

We used to pay 16% VAT and they increased it by 3% to 19% and no we did not get a payrise to compensate.

what work you having done that will cost £14k :wonder:

I worked in retail when it went up all them years ago and the electrical retail industry took it as a hit on their exuberant profit margins, so I would expect them not too pass the savings back on to the customer.

Badly written or not, gives 4 days to test every retail and accounting system in the country. Great.

Just as I thought, it's b*llox!:brickwall

2.5% cut in VAT, but duty to rise on fuel fags and booze to compensate/offset, BUT THAT DUTY WILL NOT BE REMOVED WHEN VAT GOES BACK UP:mad:

And NI to rise by 0.5% across all bands from 2011.:nono:

So............more of a take than a give, then?

Darling you f*ckwit! Go now, before the country is bust!:mad:

Oh, just a couple of API bits here and there.. .forged 2.5, 321T, JDM STI 6 speed, FMIC, tubular headers, SIMTEK, few other supporting mods, the usual ;)

Pointless ... watch the retailers pocket the very minor difference.

Do you think everything will price drop by 2.5% overnight?!

TX.

I hate to add that nothing in shops will be cut by 2.5% in the way you think

If an item currently retails at £100 in a shop the new price will be £97.87 not £97.50

So even less of a saving than people thought!

Chap from the Road Haulage Assoc just been on 5 Live and made the point that their costs have just gone up as although they recover the 15% Vat as input tax, they cannot recover Duty. So, the retail supply chain has just had a cost increase so it makes reductions at the till even less likely.

so all of this is to try to get you to spend more and get the whole system flowing again? haven't they realised most people are skint and if there's any more money in your pocket as a result of cuts that's probably where it'll stay?

what's the bets that there'll be a watchdog report on shops not passing on the cut to customers soon?;) there's no way they'll cut the prices across the board on VATable items. all they've got to say is they were going to raise the price of an item soon anyway and keep it the price it is now, earning them more money:mad: