mattybain;365860 Wrote: > That's a bit harsh considering the £ has devalued 25% against the us$ > (and most other currencies too)
AFAIK, the reduction was to help generate -consumer- spending. I can understand the view that it is such a small amount that it won't actually have much of an effect on the average consumer; for example the reduction of 22p on a £9.99 product isn't going to suddenly make me buy it if I considered the original price a little too high. However, if companies don't reduce prices in line with the VAT reduction the owners are not only gaining by making slightly more profit on each deal but by being part of the consuming public are benefiting from price reductions from those companies that have reduced their prices. I'm not convinced that was the Chancellor's intention. -- Mick Seymour ------------------------------------------------------------------------ Mick Seymour's Profile: http://forums.slimdevices.com/member.php?userid=21137 View this thread: http://forums.slimdevices.com/showthread.php?t=55761
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