UK VAT rate reduced

macplaxton

1555 Mr Darling says VAT will be cut from 17.5 to 15% until the end of next year, coming into effect next Monday.

Source BBC News online

Should hopefully make goods even cheaper from the UK. Bargain!

NiSmO

This post has been deleted.

Basq

I'm going up North!

** runs out the door leaving a "Basquille shaped cloud"! **

Quackles

basquille wrote: »

I'm going up North!

** runs out the door leaving a "Basquille shaped cloud"! **

He's going to feel really stupid when he realises it doesn't kick in til NEXT Monday. Oh wait.. he'll probably be queuing that long for a parking spot anyway...

Basq

Quackles wrote: »

He's going to feel really stupid when he realises it doesn't kick in til NEXT Monday. Oh wait.. he'll probably be queuing that long for a parking spot anyway...

Basquille's currently not in... all you bitter people please leave a message after the beep!

****** BEEEEEEEEEEEEEEEEEEEEEEEEEEEP ****

JackieChan

Wow, there will be a roaring trade along the border and almost tumble weeds blowing through the outlets in places like Dundalk!
I'm even considering to head up for some bits and I'm in Portlaoise!

josh59

JackieChan wrote: »

Wow, there will be a roaring trade along the border and almost tumble weeds blowing through the outlets in places like Dundalk!
I'm even considering to head up for some bits and I'm in Portlaoise!

Book a night in the Carrickdale Hotel - just on this side of the border - they used to do a great one night deal for B&B and dinner probably still do - your're only 10 minutes from Newry

jayteecork

Will this affect online stores like amazon and thehut?

bmcgrath

Even more reason for shopping in the North now.
When I go to England for Christmas I'm gonna buy me a few presents
I feel a new lens coming hehe!

mgsrocks

jayteecork wrote: »

Will this affect online stores like amazon and thehut?

Dont think it will have an effect on any based in jersey.

Bluetonic

Really strange move that will cost the UK millions to implement and is not guaranteed to increase spending.

dereko1969

if you were mostly interested in booze then this won't make any odds as duty has been increased so that prices will remain the same. for other products though it will make a difference.

slave1

will shops pass it on though?
something was £9.99 at 17.5% VAT now equals £9.78, retailers will just keep it at £9.99 and keep the difference in profit
similar to the rounding when the euro was introduced here

RasTa

It's only a £2 saving per £100 so worthless really.

ronbyrne2005

RasTa wrote: »

It's only a £2 saving per £100 so worthless really.

PRices might not fall by the full 2.5% but for retailers on tight margins it could be the difference between survival and going bust.

It's costing the UK government 16billion to cut VAT by 2.5% . Irish VAT is going up by 0.5% so the differential between ROI and NI will be increased by 3% by january. Add in continuing sterling weakness and goods up North get cheaper and cheaper. Hopefully petrol keeps falling too making the journey up cheaper.

jayteecork

I remember my father travelling up North when I was a kid to buy a VHS player.
Think it cost him £500 in the late 80s. Probably a good 2 weeks wages.

All you doomsayers should think about this, while you're claiming the country is f ucked.

You can walk into Tesco and buy a DVD player for 25 euro.
Recession or no recession, the ordinary person has never had it so good, in the history of mankind.

DonJose

jayteecork wrote: »

I remember my father travelling up North when I was a kid to buy a VHS player.
Think it cost him £500 in the late 80s. Probably a good 2 weeks wages.

All you doomsayers should think about this, while you're claiming the country is f ucked.

You can walk into Tesco and buy a DVD player for 25 euro.
Recession or no recession, the ordinary person has never had it so good, in the history of mankind.

Eh... Welcome to 2008 The same DVD player costs €20 up north

witnessmenow

jayteecork wrote: »

I remember my father travelling up North when I was a kid to buy a VHS player.
Think it cost him £500 in the late 80s. Probably a good 2 weeks wages.

All you doomsayers should think about this, while you're claiming the country is f ucked.

You can walk into Tesco and buy a DVD player for 25 euro.
Recession or no recession, the ordinary person has never had it so good, in the history of mankind.

Your house is now worth half what you owe to the bank for it, your in real danger of losing your job, interest rates have soared, its become more expensive to send a child to college but dont worry you can buy a DVD player for €25 in tesco

mgsrocks

witnessmenow wrote: »

Your house is now worth half what you owe to the bank for it, your in real danger of losing your job, interest rates have soared, its become more expensive to send a child to college but dont worry you can buy a DVD player for €25 in tesco

Only €20 up north!:D

jayteecork

witnessmenow wrote: »

but dont worry you can buy a DVD player for €25 in tesco

right on, brother!

Laphroaig52

witnessmenow wrote: »

Your house is now worth half what you owe to the bank for it, your in real danger of losing your job, interest rates have soared, its become more expensive to send a child to college but dont worry you can buy a DVD player for €25 in tesco

I think you probably don't remember the 1980s!

My house is worth a lot more than what I owe the bank for it - perhaps you speak for yourself but most people are not in negative equity today.

Risk of unemployment has always been with us but trust me it was a much greater risk in the 1980s.

Interest rates were in double figures for much of the 1980s. Today they are around 4% and will probably continue to fall.

In the mid 1980s the fees (remember them?) in UL (then NIHE) were around £1500 per year. Convert that to Euros,do a rough inflationary adjustment and it comes to the equivalent of around €4000 per year. That's just for fees..not books, digs, food, etc. Do you really think it is more expensive to put somebody through college today?

DVD players and all - we do have it a lot better today. And yes a VHS video recorder did cost around £500 (and more) in the old money. That would be about €1200 today!

witnessmenow

I am 21 years old, I was born in 1987, the troubles of the 80s weren't really a thing i was worried about at the time

kaiser soza

My first Christmas present I can remember was a Blue and Yellow Trike,it was bought in Newry,last year I spent over £1000 in belfast on Christmas presents and I plan on spending more this year, whats the point in getting robbed down here.

ch750536

witnessmenow wrote: »

I am 21 years old, I was born in 1987, the troubles of the 80s weren't really a thing i was worried about at the time

So you missed what Maggie the bitch and her pet poodle Regan did when they tried to turn the world into a shopping mall then.

sitstill

Will we see a difference on prices in NI shops from Monday then?

EdgarAllenPoo

Should have started to see it from last Friday according to the sainsburys website.

yknaa

slave1 wrote: »

will shops pass it on though?
something was £9.99 at 17.5% VAT now equals £9.78, retailers will just keep it at £9.99 and keep the difference in profit
similar to the rounding when the euro was introduced here

Arsenal FC have passed on the cut in tickets prices and merchandise

witnessmenow

yknaa wrote: »

Arsenal FC have passed on the cut in tickets prices and merchandise

To the Emirates!