I went for 20%
if you don't want something - then don't buy it - it sounds daft but many things are too cheap at the moment. Products that are overpriced anyway will be reduced in price to make up for the vat increase
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Griffin Saver Something, something, 2006, something., Tue 22 Jun 2010, 12:45,
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Also with VAT
I believe that the bare essentials, like food and baby type items are VAT free and therefore a raise in VAT only affects the "luxury" items (and ahem, businesses).
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whenanimalsattackhumans clad in global hypercolour, Tue 22 Jun 2010, 12:51,
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chocolate hobnobs are luxury items
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Rebel biscuit stercore sumus et nos esse novimus, Tue 22 Jun 2010, 12:56,
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luxury items like gas, electric, petrol and clothes
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Joe Scaramanga with a G-double-O-D vibration, Tue 22 Jun 2010, 13:02,
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VAT applies to most business costs
So when VAT goes up, so does your food. Even though its VAT-exempt.
Besides which, Georgy Boy has just raised VAT to 20%
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Pew Pew Pew! Lasers! wannabe Gong Farmer, Tue 22 Jun 2010, 13:15,
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I suspected as much
hence the brackets... but still less of an impact hopefully than other cutbacks. For example the 15% to 17.5% affected me and my business marginally at best..
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whenanimalsattackhumans clad in global hypercolour, Tue 22 Jun 2010, 13:43,
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and 20% it is! (from Jan.)
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The Great Architect is still waiting for his account to be deleted on, Tue 22 Jun 2010, 13:17,
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I should so be the chancellor and that
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Griffin Saver Something, something, 2006, something., Tue 22 Jun 2010, 15:43,
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