David Lindon
Golden Master
- Messages
- 15,233
Gordon Brown has just announced his new stealth tax by added a new income tax bracket of 45% for those earning > 150,000
This has been hidden by the announcement of the reduction of VAT from 17.5% to 15% - but stores do not necessarily have to pass this on to consumers. So are we likely to see any fall in prices? I don't think so. Fuel, alcohol and cigarrets have had their duty increased so as to not benefit from the fall in VAT.
This has been hidden by the announcement of the reduction of VAT from 17.5% to 15% - but stores do not necessarily have to pass this on to consumers. So are we likely to see any fall in prices? I don't think so. Fuel, alcohol and cigarrets have had their duty increased so as to not benefit from the fall in VAT.