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    What a load of old vat…

    Today is the 4th January 2010, but it’s not just a normal Tuesday.  Today is Vat increase day, which means things will be three percent more expensive than before or does it?

    Well for  a start we all know that the usual tax increase products will have some added; for those not in the know that’s: Fuel, Tabacco and Alcohol.  The last two causing particular concern amongst those at Rant Towers, but what else will the Vat increase hit?

    Vat on the rise...

    Vat on the rise...

    In our research it’s pretty much everything from a loaf of bread, right through to a widescreen telly, you will shortly see the cost of everything marginally increase and life get just that little bit more expensive.

    Can we afford it?

    For most we still struggle a little bit more, that three percent actually works out to around £590 year on average, which in anyones books is a big chunk of a salary (except those running the country, eighteen of the current cabinet and front benchers each have massive personal fortunes: Fact.) so what to do? To be quite honest we don’t know.  It’s a brand new world out there and we have to hope that the retailers get into some competition with each for who is the cheapest and who can get the most business, not excellent for them but good for us.

    Time will tell if this country’s retailers survive after the Vat increase.  In the back of my mind there’s a sly hope that it fails and it’s proven that we’re spending less, we need to teach the current government a lesson and prove to them that what they’re doing isn’t going to work.

    So we shall have to wait it out, but in the mean time with all the increases remember it’s only the 4th January and alread 2011 has gone to pot!

    Happy New Year!

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