Quote Originally Posted by joebloggs View Post
vat increase on something costing £10 is what 20p more, something costing costing £500 will be £10 more. this doesnt bother me as much as the increases i've seen on food items over the last year , food items costing £1.20 going to £1.45 etc
I buy some wholesale products that used to cost 38p. During the recession, they've skyrocketted up to 52p each, with VAT now going up to 20%, there wont be any profit. It will have a terrible affect across the country.