Mick Seymour;365872 Wrote: > 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.
No, but it was obvious that it would happen. The VAT reduction was a ludicrous idea that will do nothing for spending, and simply push up tax rates further in the future to compensate for the lower amount now. -- Khuli http://www.last.fm/user/khuli ------------------------------------------------------------------------ Khuli's Profile: http://forums.slimdevices.com/member.php?userid=851 View this thread: http://forums.slimdevices.com/showthread.php?t=55761 _______________________________________________ discuss mailing list discuss@lists.slimdevices.com http://lists.slimdevices.com/lists/listinfo/discuss
