Yes it's almost January 2011 and time for the VAT increase to 20%
Happy Christmas Everyone
Join the most popular community of UK swingers now
Login
New Year and 20% VAT
Sex God
Gee thanks for such cheery news 
Sex God
Ca't see it making too much difference really other than very high toicket value items - cars, furnishings etc - in every £100 extra ?
Master of Sex
I have to say I didn't notice when they reduced VAT in my weekly bills. Didn't notice when they bumped it back up to 17.5%. Suffice to say I'll doubt I'll notice the rise to 20% either.
an increase in tax equals a decrease in cash in circulation unless there is a corresponding increase in credit creation greater than the increase in tax. simples.
wake the fuck up, stop watching x factor, coronation st. and east enders and agent provocateurs smashing windows dressed in balaclavas.
this is a contrived demolition of the economy. greece, ireland, next spain and portugal, possibly then italy, in whatever order and the u.k. next ! but hey, i talk a load of bollocks.
wake the fuck up, stop watching x factor, coronation st. and east enders and agent provocateurs smashing windows dressed in balaclavas.
this is a contrived demolition of the economy. greece, ireland, next spain and portugal, possibly then italy, in whatever order and the u.k. next ! but hey, i talk a load of bollocks.
Sex God
Nurse, nurse - he's out of bed again.
It is good that some of you can afford to lose an average £30 per month, I am not that lucky and that 30quid will be sorely missed here, well in my personal case it is only 20 quid because my income is way below the national average. Maybe I should claim benefits and regain the loss :sad:
Sex God
Quote by MidsCouple24
It is good that some of you can afford to lose an average £30 per month, I am not that lucky and that 30quid will be sorely missed here, well in my personal case it is only 20 quid because my income is way below the national average. Maybe I should claim benefits and regain the loss :sad:
If your income is low enough to qualify, and you would find it helpful then you should apply. That's what they are there for. And no-one would have any right or reason to object.
I don't think it's a matter of being able to afford the extra - there simply isn't much choice in the matter. I can reduce what I buy that has VAT on it, but only so far. Apart from that, reducing other things further than they already are. And that's it. I certainly don't think anyone is 'crowing' about being able to afford the difference, but £30 over a month won't hit most people very hard. Those on less than, say £1000 take-home will certainly feel it. And they should qualify for help.
Quote by gulsonroad30664
an increase in tax equals a decrease in cash in circulation unless there is a corresponding increase in credit creation greater than the increase in tax. simples.
wake the fuck up, stop watching x factor, coronation st. and east enders and agent provocateurs smashing windows dressed in balaclavas.
this is a contrived demolition of the economy. greece, ireland, next spain and portugal, possibly then italy, in whatever order and the u.k. next ! but hey, i talk a load of bollocks.
Have we come up with a solution yet
except to repudiate the debt but explain the knock on effects and how you would overcome these?Dave_Notts
the vat increase wont affect all of our income, most of it goes on the regular bills . Gas n electric still at 5%, mortgage unaffected, council tax unaffected, phones n stuff affected, most food unaffected. OK you could argue that food will go up because of transport cost going up but the transport cost represent a small percentage of the cost. I would say the most impact of the VAT increase will be on your disposable income.
Quote by gulsonroad30664
an increase in tax equals a decrease in cash in circulation unless there is a corresponding increase in credit creation greater than the increase in tax. simples.
wake the fuck up, stop watching x factor, coronation st. and east enders and agent provocateurs smashing windows dressed in balaclavas.
this is a contrived demolition of the economy. greece, ireland, next spain and portugal, possibly then italy, in whatever order and the u.k. next ! but hey, i talk a load of bollocks.
A good point. If people spent less time vegetating in front of the television and more time reading, then we might have more informed discussion.
