OT: Market Reaction to Qasi's Budget

Sep 26, 2022 Last reply: 3 years ago 128 Replies

JNugent snipped-for-privacy@mail.com wrote

Yeah, I should have said you should be using percentages, not fractions.

I wasn't saying anything about that, JUST saying that it makes no sense to use percentages and fractions.

Nope. I was JUST saying that it makes no sense to use percentages and fractions.

JNugent snipped-for-privacy@mail.com wrote

Yes to the seasonality, no to the fast fashion.

Jeans, T shirts, cargo pants etc are nothing even remotely like fast fashion.

Expensive imported luxury goods don't benefit many ordinary people in this country though.

Buying chocolate biscuits that are made in this country benefits the entire supply chain, as well as paying VAT.

Then I suggest you take a careful look at the VAT breakdown on your next big shop and you might be surprised at what carries VAT

VAT does apply to certain foods that people tend to eat a fair bit of.

*Makes note on shopping list*! :)

Despite that, those items frequently appear in "the sales". Classic Levis or Wranglers, maybe not.

T-shirts can fall out of fashion quite rapidly depending on the design and illustration.

By "foodstuffs", I wasn't talking about Jaffa Cakes!

Depends on how you define Expensive imported luxury goods.

Its bullshit with the best smartphones and tech.

No, because no cocoa beans are grown in the UK.

JNugent snipped-for-privacy@mail.com wrote

Yes, but not for the reason you suggested.

Just as true for everything I eat without exception so it works fine to only buy it on special and buy enough of it so that it will last till its on special next time.

Its far from clear why supermarkets operate like that, but they clearly do.

Don't buy those, but I doubt it is true that they never are in sales.

But the plain ones don't and the sellers of those do have sales and I only buy them when they are in a sale too.

Pity about potato crisps, roasted or salted nuts and icecream.

Bad example. Jaffa cakes are the item that McVities went to court against HMRC over and demonstrated that they were cakes and not chocolate biscuits and so carried no VAT.

Ah well... at least I remembered the case, however imperfectly.

The real point is that cash-strapped households, acting rationally, will tend to shop for foodstuffs which are not in the allegedly "luxury" class and will, ideally, cook "from scratch".

Though it's a bit difficult to see why biscuits are considered a luxury item but cake isn't.

Really? The 'we can now afford that new TV' sort of thing?

Well, they're hardly going to be able to put it in some tax efficient savings scheme.

No surprise Turnip would have his own very eccentric view on what running the country consists of.

No s*it, Sherlock?

And it has failed countless times too.

Pity about icecream.

In fact they mostly eat taxed junk food.

I couldn't comment on that. I'd need more data in order to be able to do so. But I readily defer to those who have the experience.

That has been endlessly researched by those looking at diet and health.

Join the Discussion

Have something to add? Share your thoughts — no account required.

Didn't find your answer?

Ask the community — no account required