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Home >> World-issues >> Vat down to 15% means 2.1% price cut
02.12.2008, 15:07 quote
| 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.
02.12.2008, 18:01 quote
| CMISO wrote: | ||
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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