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The VAT rise - bothered? 
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Doesn't have much of a life

Joined: Thu Apr 23, 2009 8:23 pm
Posts: 638
Location: 3959 miles from the centre of the Earth - give or take a bit
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cloaked_wolf wrote:
adidan wrote:
With people having less to spend and jobs being lost this year how will it encourage people to spend and keep the economy going?

+1. I for one am reeling in my expenditure now, though partly this is to help fund a deposit for the house.

adidan wrote:
Loopholes, bankers and chasing up that £100billion+ of unpaid taxes would be my first course of action instead but what do I and my basic knowledge of economics know?

+1. But it's probably easier just to impose taxes on the little people rather than go after the big players.

Linux_User wrote:
I'm bothered, I literally watched the price of the graphics card I ordered go up by £3 odd as I was ordering it last night. :evil:

Should have ordered it earlier. I had to buy something online and although the tax hiked the price up, it was still cheaper than if I'd gone to the shops a few days earlier.

saspro wrote:
Utilities are charged at 5% VAT

I did not know that! :shock:


Probably because those with loads of money can easily go elsewhere, while the "little people" are stuck here.

Let's face it, the banks may have acted as the detonator, but in this country we've been wasting billions for years, so this whole mess was inevitable (although maybe not on the same scale). Taxes would have had to have gone up sometime and by some degree - which one doesn't hurt?

This is worrying though - from Labour's chancellor:

"Earlier, Mr Johnson had been dismissed as ‘simply not up to the job’ by the Tories after a string of blunders over Labour’s economic policy.

As well as talking of a National Insurance rise, he was confused over when Labour would aim to eliminate the structural budget deficit, initially telling the BBC it would be 2015-16 before later saying he ‘probably’ meant 2016-17.

He was unclear over when Labour’s own cuts would start, saying that 2011 ‘has to be about jobs and growth’ rather than cuts, when in fact Labour’s own plans are for the biggest cuts to happen in 2011.

And he suggested he had not even read Labour’s last Budget, on which its economic plans are based, telling a BBC interviewer: ‘You’ve probably read more of it than I have.’

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Wed Jan 05, 2011 9:42 am
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