Comments on: The VAT Reduction - 4 months on http://blog.esellit.com/2009/03/23/the-vat-reduction-4-months-on/ Views, Opinions and Advice on the World of Retail Thu, 09 Sep 2010 18:20:15 +0000 http://wordpress.org/?v=2.2.1 By: Tony Heywood http://blog.esellit.com/2009/03/23/the-vat-reduction-4-months-on/#comment-15 Tony Heywood Wed, 25 Mar 2009 15:55:07 +0000 http://blog.esellit.com/2009/03/23/the-vat-reduction-4-months-on/#comment-15 From BBC website 24/3/09 Rob Pike from the Office for National Statistics remarked that December's cut in VAT from 17.5% to 15%, was being reversed. A substantial number of shops which passed on the VAT cut in December seemed to have changed that by February, he told BBC News. "We have seen many prices return to the previous selling price in November, or even gone beyond that. And that is quite widespread." From BBC website 24/3/09

Rob Pike from the Office for National Statistics remarked that December’s cut in VAT from 17.5% to 15%, was being reversed.

A substantial number of shops which passed on the VAT cut in December seemed to have changed that by February, he told BBC News.

“We have seen many prices return to the previous selling price in November, or even gone beyond that. And that is quite widespread.”

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