B&Q VAT Changes

On 18/12/2008 01:13 nightjar £4.20 last week for a medium cod and chips..

Haddock & chips £3.20 here with free scraps, salt & vinegar. Would rather do without than eat cod...

Reply to
F
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Calvert's, I hope!

Reply to
F

Which is what Dixons have done. The Humax Foxsat HDR, for example, is the same price it was prior to the VAT reduction.

Reply to
F

Whasa Basa ?

Reply to
fictitiousemail

Actually, not so. If the Chancellor wants to provide a boost to the "high street", he can either do it by "making" customers spend more in terms of volume (i.e. make things cheaper) or by giving companies more profit. By reducing VAT he does both - in some shops you *might* buy more as it appears better value for money, but in others the shopkeeper makes more money (and therefore potentially can pay his staff better salaries, or avoid laying people off).

If he'd cut personal income taxes, we'd have saved most of the money, and if he'd cut corporation taxes the shopkeepers would benefit only in about 9 months time. VAT cut was the best way to skin the cat, even if shopkeepers don't adjust the prices.

Matt

Reply to
matthew.larkin

I think that's fair enough, a lot of the complaining is from the politically entrenched. However, if people are withholding buying in fear of job cuts, a couple of % points make little difference. The mortgage crisis in the US started all this and freeing up mortgages and lending again is the thing that will cure it, trouble is that isn't easy given there were fundamental flaws in the way money was being lent. This is a massive western world readjustment following a boom caused by bad financial management, blaming Brown is ludicrous.

Reply to
clumsy bastard

I think it started a little earlier than that. I'd never heard of inflation until Harold Wilson started going on about it in the 1960s. Until then the government had kept a tight control on prices, postage for example 1d and then 2d for umpteen years, then when times got difficult they realised that big increases were required to cover costs. You are right about the post-VAT loss-of-reference though.

Reply to
Peter Johnson

If people are in fear of their jobs, in negative equity, retiring with a much smaller pension fund that they had 12 months ago, etc., etc., etc., a couple of percent off VAT is going to make bugger all difference in persuading them to spend the same, let alone more.

MBQ

Reply to
Man at B&Q

:

Agreed, but what alternative do you suggest. The 2.5% cut may make people like me (who don't read the Express and the Mail and therefore isn't in paranoid fear of redundancy!) spend a little more, and will certainly help my employer (we can't recover VAT, so all of our goods apart from labour just became cheaper).

I'm a card carrying Labour supporter (proudly so) but I'm happy for the "market" to do its Malthusian worst - organisations which are financially weak will fail, stronger ones will survive and be stronger on the other side of the recession. Its not the governments job to support every single crackpot business in the country that thinks it has a god given right to survive no matter what.

Matt

Reply to
matthew.larkin

Back street chippy. Cod knows what a trendy designer chippy would have cost. I've always found the best chippys are on council estates.

Reply to
The Medway Handyman

Best chippy is (spit, hate going there) in central Canterbury. I've managed to avoid shopping there at all for ages...

Reply to
Bob Eager

Vietnamese fresh water fish.

Reply to
dennis

Who watches your van whilst you are in the queue?

Adam

Reply to
ARWadsworth

Everyone.

Colin Bignell

Reply to
nightjar

Flipin 'eck, double egg, chips and beans (almost to much to eat), mug of tea, eat in, £3.20 in Sunderland last Saturday. Haddock 'n chips in Glasgow the other month about the same, curry sauce and chips about £1.70.

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You found a cheap place. When I went to Glasgow 18 months ago, I was surprised to find F&C at almost London prices.

tim

Reply to
tim.....

"nightjar .me.uk>"

I just paid 4.90

tim

Reply to
tim.....

Underneath the railway tracks near Central station, think it might have =

had blue in the name. The chips & curry sauce came from one by the river= and foot bridge.

Reply to
Dave Liquorice

Do all the Cod Wars mean nothing to you?

Colin Bignell

Reply to
nightjar

In message , nightjar writes

Private Bignall, get back on guard duty

... what do you mean - you can't walk on water ?

Reply to
geoff

The Romans had inflation, so it's not exactly a new idea.

Reply to
Huge

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