So...When is VAT dropping back down to 17.5%?
- Thread starter Temi_D
- Start date
Soldato
- Joined
- 7 Jan 2009
- Posts
- 6,839
No...they were voicing their opinions and thoughts,The only way they could really for the government to actually take any notice...if no one does anything about it,Our government will continue to take us for a ride.
i don't think it it will be the last time this will happen.
Soldato
- Joined
- 27 Oct 2006
- Posts
- 7,600
- Location
- London
It'll rise to 22.5% when we need a consumer buy burst whist gdp is low 
SUCKERS. The end product price to the consumer has not changed nor has it done so in the past despite the VAT increase.
SUCKERS. The end product price to the consumer has not changed nor has it done so in the past despite the VAT increase.
Soldato
- Joined
- 31 May 2009
- Posts
- 21,468
Yes because labour thought they could magically fix the world by somehow spending more whilst earning less, not usually a good way to reduce debt.
So now we're stuck paying for their mistakes, it'll be 20 for a while yet.
this, they need to realise the VAT rise is more damaging to the economy, the high street is already on its last legs with people spending less and less comparative to last year. I can't see how the tories can effect economic recovery when they are hitting people hard in their pockets in so many directions, its just not going to stimulate growth
Deleted member 651465
Deleted member 651465
It's never going down, unfortunately.
Suspended
- Joined
- 17 Oct 2011
- Posts
- 5,707
- Location
- Buckingamshire
I think the tax on fuel is the most notable at the moment, although we've noticed food shopping getting more expensive as well.
The same standard of life is getting expensive
The same standard of life is getting expensive
Yea, i never figured how increasing the VAT will help stimulate the economy.
Funny that, you make it more expensive and wonder why people dont spend as much.
Soldato
- Joined
- 27 Oct 2006
- Posts
- 7,600
- Location
- London
Commodities are getting expensive and are only a small fraction of what they'll be in years to come.
I'm hedging commodities at the moment and am laughing
If it was revolution they'd have marched on Whitehall, not Oxford street.
Man of Honour
- Joined
- 27 Sep 2004
- Posts
- 25,821
- Location
- Glasgow
You could make up an argument that in a capitalist society you make more of an impact when you inconvenience the foundations of capitalism rather than by trying to influence the political leaders directly.
I don't think that's it would be the right way to go about it but it's a potential argument. I'd also be inclined to agree with you that the recent riots had very little to do with making a political statement of any colour, there may be been an initial sense of disquiet for a few who were protesting but very soon it seemed to simply be that people got caught up in the excitement of having a chance to misbehave even where there was no link to a genuine grievance or at least no link to the inciting event.
How true. If they really wanted it to be "temporary", it should have been an additional 2.5% "GFC tax", which at a later day will stick out like a sore thumb needing to be removed.
By adding it conveniently to VAT, much more innocuous and likely to remain indefinitely
You add it to VAT to make the admin and collection easy. Do you have any idea what it would cost to legislate for and administer a new tax? It's obviously massively simpler to amend one section in one act than to bring in a whole new tax.
Why lol? It describes what it's taxing...