Darling cuts VAT in pre-Budget

[Clowgon]

Isn't income tax for low earners going down aswell, as its going to 6k to have to pay or something? can't remember, read it this morning.

Yeah thats right. So theres quite a few benefits for people out of this.
Shame on these rich ******** who don't donate to charity.

[Jordy]

Yeah thats right. So theres quite a few benefits for people out of this.
Shame on these rich ******** who don't donate to charity.

What exactly does charity have to do with this? No one has to donate to Charity first of all, and there's such a range of Charity's, they're not all out there to help lower earners :S

[Decode]

I'm sure you'd bother if you were giving £450,000 of your £1,000,000 salary to the government

Yeah, you wouldn't be able to pay for photoshop so you would have to get it from the pirate bay.

[GommeInc]

Isn't the next fear, them raising the VAT to something like 18% in a few years time?

[scottish]

It probably will, but in the time it raises we won't be in recession or any economic crisis's

[Pyroka]

Lol at the kids who aint even 18 yet, moaning about how drink is going to cost... the same.

ITT, a bunch of not-quite-grown 13 year olds.

Couldn't care more about the VAT cut, he's putting taxes up.

[jam666]

Id usually welcome a 2.5% cut on VAT but it really hurts the economy more.....

1) 2.5% is literally nothing.... 22p knocked off a cd worth £9.99, wow its alot of money isnt it?

2) thousands will now have to be spent on advertisements by businesses, such as catalogs, posters and price tags etc to incorporate the new prices...

3) people will be spending LESS, as if i would really go out and buy another CD worth £9.99 to save 22p? ... theres alot of things i could spend that 22p on isnt their?

4) Its only for 1 YEAR! so in otherwords... within 1 year VAT will be back at 17.5%... great thousands completely wasted on advertisements etc... just to be wasted again?

5) the EU.... yes this debate again.. why wasnt the VAT cut any further? because the EU wont permit a VAT rate of less than 15%

so in the end... its an utterly completely waste of time and money......

One more thing... brown could call an election early next year... but he wont... oh great the next one will be in 2010, thats another whole 18months the labour government has to wreck our country... its only the conservatives which will be left with the clean up... as lets face it... who would vote labour again?

[FlyingJesus]

OMG, NOT DRINKS

OMG OMG OMG OMG

WHEN DOES THIS GO ON EFFECT?

OMG, IT BETTER BE TILL AFTER THE WEEKEND

OMG

I KICK HIS FRIGGIN ARSE IN

Alcohol tax already went up a few months back on spirits and it wasn't all that noticeable. Also they won't be changing much if at all - the alcohol duty is going up because the VAT is going down, so the prices should stay about level.

Isn't the next fear, them raising the VAT to something like 18% in a few years time?

I reckon so, and it'll be justified by this temporary measure somehow

Lol at the kids who aint even 18 yet, moaning about how drink is going to cost... the same.

ITT, a bunch of not-quite-grown 13 year olds.

Couldn't care more about the VAT cut, he's putting taxes up.

+1

2.5% is literally nothing.... 22p knocked off a cd worth £9.99, wow its alot of money isnt it?

2.5% is a massive amount when you're talking about a country worth billions and billions lol. Also consider if your example how many CDs are bought weekly - some artists alone sell near or over a million

who would vote labour again?

Poor people lol

[leah]

Isn't the next fear, them raising the VAT to something like 18% in a few years time?

This country is ****

[MissAlice]

What a mess this country is in. Reducing VAT for 13 months isn't going to go a long way. We will all pay the price for this eventually. Big retailers have already slashed prices by 20 and 25% in an effort to attract customers.