John
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Registered: 30th Jun 03
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Can't see anything on here about it, rumours of VAT being cut to 12% possibly.
Although they'll no doubt increase petrol prices or something to make it up it's a good idea if stuff is cheaper.
Even if they do increase every other tax because of it he majority of people will still love them so I think this is a good way to ensure re-election.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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It'll only be recouped in other stealth taxes imo.
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Hammer
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Registered: 11th Feb 04
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Research group has said it would be the best action to take to the end of 2009 and the offset probably wouldn't cost the economy or the government anything.
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pow
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Registered: 11th Sep 06
Location: Hazlemere, Buckinghamshire
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Haven't heard about this.
Tax on import/fuel duty/food etc will still go up as said though
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Robbo
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Registered: 6th Aug 02
Location: London
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Just no
Especially not to 12% I wouldnt think
As Cosmo said, woudl only be lobbed in somewhere else
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Hammer
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Registered: 11th Feb 04
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It breaches the EU's minimum VAT directive but if the cost to the government is minimal in comparison with the £24 billion it would cost there wouldn't be any extensive stealth taxes i'd imagine?
Just make smokers pay £50 a pack of fags, problem solved.
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John
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Registered: 30th Jun 03
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He's trying to get other countries on board if possible, trying to make out that he's doing something concrete to try and get the country and at least europe out of this mess.
Good spin tactics if nothing else.
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Robin
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Registered: 7th Jan 04
Location: Northants Drives: Clio 182 Cup
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quote:
Originally posted by Hammer
It breaches the EU's minimum VAT directive but if the cost to the government is minimal in comparison with the £24 billion it would cost there wouldn't be any extensive stealth taxes i'd imagine?
Just make smokers pay £50 a pack of fags, problem solved.
Problem not solved, because every single smoker in the land would give up, so the tax would have to be paid for elsewhere.
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Hammer
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Registered: 11th Feb 04
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Incorrect, well to a point anyway.
It's price inelastic, smokers will pay what they have to in order to get their nicotine fix.
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Cosmo
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Registered: 29th Mar 01
Location: Im the real one!
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Quadruple tax on booze in Scotland - with the amount they drink all is English will be dining on Lobster and drinking Cristal for free.
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Hammer
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Registered: 11th Feb 04
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True story.
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Jambo
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Registered: 8th Sep 01
Location: Maidenhead, Drives: VXR Arctic
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the revenue from smokers is going down, as fewer people are smoking. They have to find it from elsewhere now.
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Sam
Moderator
Premium Member
Registered: 24th Dec 99
Location: West Midlands
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http://ukpress.google.com/article/ALeqM5i0KEp5Gs_VtGnyT61MrTQREoiQGQ
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LeeM
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Registered: 26th Sep 05
Location: Liverpool
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quote:
Originally posted by Hammer
Incorrect, well to a point anyway.
It's price inelastic, smokers will pay what they have to in order to get their nicotine fix.
i quit, one main factor was that it costs so much
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