Ok, who wants to do some sums with me?
A beer kit costs £14.99 with VAT at 17.5%
VAT is cut to 15%
That beer kit is cut to £14.67 and we all think âwhoopie-doo, a bargainâ :clap:
Over the next month or two it gradually creeps back to £14.99
VAT goes back up to 17.5%
Beer kit goes from £14.99 to £15.31
Retailer says âhey, ain't my faultâ, and we accept it because we knew it was coming.
By the end of that month, beer kit has crept up to £15.49
The following month it sneaks up to £15.99 and because it's still under sixteen quid no-one bats an eyelid.
VAT goes from 17.5% to 20%
Beer kit goes from £15.99 to £16.33
Retailer says âhey, ain't my faultâ, and we accept it because we knew it was coming.
By the end of that month, beer kit has crept up to £16.49
The following month it sneaks up to £16.99
VAT has effectively gone up 2.5% overall but the product's gone up two quid.
Cynical, moi? :whistle: