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but note that VAT also applies to other kinds of shopping and spending than the Christmas list, so its impact will be larger.

At a time of weaker demand, it is likely to be fully passed on to consumers, so it is a boost to wage earners in the from of price reductions.

In the long run, we're all dead. John Maynard Keynes

by Jerome a Paris (etg@eurotrib.com) on Mon Nov 24th, 2008 at 07:13:54 AM EST
[ Parent ]
the problems are that it is fuel bills, train fares and large local tax rises that are the things people worry about. Of the order of hundreds of pounds a year. A few extra pennies in the pocket aren't going to make any difference, especially to people on lower incomes.

keep to the Fen Causeway
by Helen (lareinagal at yahoo dot co dot uk) on Mon Nov 24th, 2008 at 07:51:01 AM EST
[ Parent ]

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