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.  
    Prouty from cheshire says:
    Dec 21, 20:02

    Does any recognise this question ? its about time we changed the record on nthese questions Virgin should put a bit more effort into these questions or give it up all together

    Will a VAT cut make you spend more this Xmas?
    Yes
  2.  
    Jenny from Barnsley says:
    Dec 21, 19:46

    My credit card company increased my limit from £1k to £2.5k last week. I won't use it because I can't afford to. I'm not surprised people get into difficulties when money is thrown at them like this.

    Will a VAT cut make you spend more this Xmas?
    No
  3.  
    annie from west mids says:
    Dec 21, 19:33

    should do what we do and save each month for xmas. done all me shopping, kids have great pressies and already got £300 towards next year. happy xmas!

    Will a VAT cut make you spend more this Xmas?
    No
  4.  
    don from wales says:
    Dec 21, 19:06

    no way gotta save my cash for when the government take back all the tax payers money they've lent out to all the moneymakers

    Will a VAT cut make you spend more this Xmas?
    No
  5.  
    Steve from Nottingham says:
    Dec 21, 19:03

    No Turkey this year Just a couple of pigeons off slab square

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

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