Will a VAT cut make you spend more this Xmas?

The Pre-Budget Report is expected to see Value Added Tax cut from 17.5% to 15% as part of a £15 to £20 billion "fiscal stimulus" to encourage spending and spur economic growth. The Chancellor is also said to be unveiling the plan for a 45% top rate on people earning at least £150,000 a year. Will a 2.5% VAT cut make any difference to how much you spend this Xmas?

 

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  1.  
    Dave from Midlands says:
    Dec 21, 21:06

    Yes! I will be spending 70p in the £(that's Gordon the Moron's bit) when I fill the car up. 80p in the £ when I have a drink (again to the Moron) etc.etc.etc. So yes, I will be spending big, so will everybody.

  2.  
    bill from belfast says:
    Dec 21, 21:06

    ill just be spending what i have

    Will a VAT cut make you spend more this Xmas?
    No
  3.  
    dennis salmon from ng24 2df says:
    Dec 21, 20:57

    luckily this year the son and grand kids have gone to grand cayman to live so it will be very quite each one was given a card and letter to be opend on xmass day so they will have something that will be more usefull than a unwanted gift

    Will a VAT cut make you spend more this Xmas?
    No
  4.  
    concerned from suffolk says:
    Dec 21, 20:57

    only on electric and gas bills on 2nd jan dreading it

    Will a VAT cut make you spend more this Xmas?
    No
  5.  
    denis from derby says:
    Dec 21, 20:49

    could it be all these whats saying no are all on incapacity benefits and bone idle and our gords going to get them all yo oh oh if you can use a computer you can work

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