VAT change will be used to hide 8pc price rise
The cost of many goods and services will rise by more than three times the rate of the VAT increase as businesses use the tax to mask a more dramatic price review.
The rate of Value Added Tax rose by 2.5 percentage points at midnight, from 17.5 per cent to 20 per cent – an attempt by the Coalition to reduce the deficit. But analysts believe many gyms, mobile phone companies, restaurants and shops will raise their prices by between 5 per cent and 8 per cent, or possibly more.
Kalo nak tau..setiap barang yg dibeli di UK semuanya ada cukai..bila cukai dinaikkan sudah tentulah harga barang pon naik..huhu paling ketara adalah harga minyak petrol..diikuti dengan barang2 lain..nampak je naik sikit tapi kalo dah beli banyak2 tu terasala jugak..pasni nak shopping kena shopping kat carboot jer...huhuhu