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.  
    mk from Suffolk says:
    Dec 21, 20:41

    Christmas lost all interest this year thanks to darling,brown,balls of labour and the comminist approach to keeping the law i hear that next year he may call an election because he thinks people will have forgot what a balls up hes made so fare think again brown

    Will a VAT cut make you spend more this Xmas?
    No
  2.  
    My minds in a twirl from here says:
    Dec 21, 20:37

    on our recycling letter we had today, Say's when wrapping up a present wrap it in brown paper tied with string as it's better for landfield sites, If memory serves me right is that what they use to do in the 40s as it was said. so if we all made our presents and wrapped them up like that, yes it would be cheaper, see I said we were living in a dictatorship.

    Will a VAT cut make you spend more this Xmas?
    No
  3.  
    pete from bristol says:
    Dec 21, 20:27

    don't take the pissmas

    Will a VAT cut make you spend more this Xmas?
    No
  4.  
    tony blair from chelsea says:
    Dec 21, 20:21

    ive put all my money over seas where its safe you cant trust britain not how ive left it

    Will a VAT cut make you spend more this Xmas?
    No
  5.  
    tony blair from south of france says:
    Dec 21, 20:18

    i only get 15 million a year ive spent a few quid on presents but putting the rest away for a sunny day

    Will a VAT cut make you spend more this Xmas?
    No

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