I have a sneaking suspicion that the VAT cut is not really aimed at consumers.
Since it's only temporary most small business won't need the extra hassle of changing prices on everything, so they'll leave everything as is and pocket the extra profit. While the 2.5% won't make much difference to the average consumer it would add up to a decent amount for an average business.
Just a theory.
Since it's only temporary most small business won't need the extra hassle of changing prices on everything, so they'll leave everything as is and pocket the extra profit. While the 2.5% won't make much difference to the average consumer it would add up to a decent amount for an average business.
Just a theory.
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