Well said - in real terms it's simply not gioing to make any difference whatsoever unless you buy a "big ticket" item, like a car or new kitchen etc...
In my life, the VAT cut is just about useless. I calculated that my normal weekly shop at my local supermarket has dropped by £1.25! Thats not going to stimulate me to restart the ecomony by spending large on goods!
It's not all bad though, my INQ1 that I will buy in the next few days has dropped by almost £2! Now maybe if I spent that extra £2 at Wollworths* I might save them too..........
Cheers for now,
Trevor.
* For those overseas readers Woolworths is a UK shop that has just gone into administration, and is on the verge of collapse.
phoneboy
· 11 months ago
Not only is it going to not make any difference, it will actually make things worse, given the U.K. government is operating at a deficit like the U.S. is.
All Comments
Well said - in real terms it's simply not gioing to make any difference whatsoever unless you buy a "big ticket" item, like a car or new kitchen etc...
In my life, the VAT cut is just about useless. I calculated that my normal weekly shop at my local supermarket has dropped by £1.25! Thats not going to stimulate me to restart the ecomony by spending large on goods!
It's not all bad though, my INQ1 that I will buy in the next few days has dropped by almost £2! Now maybe if I spent that extra £2 at Wollworths* I might save them too..........
Cheers for now,
Trevor.
* For those overseas readers Woolworths is a UK shop that has just gone into administration, and is on the verge of collapse.