*****14 HOURS TO GO - VAT INCREASE - BUY NOW!!*****
- Thread starter Gibbo
- Start date
Maybe they knew that fuel duty actually went up on the 1st....Unlikely. VAT will not be reduced, and I'm surprised at the number of people I've spoken too that don't even know fuel duty is also going up tomorrow
If that were remotely true then the average family would be massively better off than they actually are. A £735 increase in VAT paid would require something like £34k spent on standard VAT rated goods, rather unlikely given that mortgages, most food, children's clothing, gas & electricity, etc are not affected by the increase. Halve that figure and you're somewhere in the right ball park.So, if you're the average uk family then it's going to add roughly £735 to your taxes, or you loose most of the cost of a new pc
Soldato
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- 19 Jul 2007
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- notts , uk
Maybe they knew that fuel duty actually went up on the 1st....
If that were remotely true then the average family would be massively better off than they actually are. A £735 increase in VAT paid would require something like £34k spent on standard VAT rated goods, rather unlikely given that mortgages, most food, children's clothing, gas & electricity, etc are not affected by the increase. Halve that figure and you're somewhere in the right ball park.
food is affected
, delivery costs have increased due to fuel etc which will be passed on