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Home >> World-issues >> Vat down to 15% means 2.1% price cut

02.12.2008, 15:07 quote

CMISO
CMISO Joined: 18 Jun 2007 Posts: 3118 Location: United Kingdom, England, Lincolnshire
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politegorilla wrote:
Our part of the deal is to keep spending at the places we want to surivive. The VAT decrease is there to encourage people with money to spend some so less people will be made redundant.


And by decreasing the interest rate to make saving less attractive.
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02.12.2008, 18:01 quote

politegorilla
politegorilla Joined: 07 Oct 2008 Posts: 444 Location: United Kingdom, England, Berkshire
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CMISO wrote:
politegorilla wrote:
Our part of the deal is to keep spending at the places we want to surivive. The VAT decrease is there to encourage people with money to spend some so less people will be made redundant.


And by decreasing the interest rate to make saving less attractive.


Absolutely. This is all part of the independent Bank of England (cutting the interest rate) working in parallel with the government (reducing VAT to 15%).

Can Sensible Shopping save The System?

Maybe. I'll certainly be trying to do my bit.

 
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