VAT Increase...

[Jackleman]

OK, its been a few weeks now since we had the 2.5% increase in VAT. Apart from the cost of motoring which is necessity for most people and very close to a lot PH'ers hearts, what effect has this increase had on you? Have you noticed any real effect, has it changed your spending habits in anyway?

Discuss...

[Puggit]

Yep - I've put a break on large capital expenditures until I see how it's effecting my day-to-day living.

Way to go - the government is putting a brake on the economy.

[Randy Winkman]

On it's own it doesn't make much difference, but combined with increases in train fares, petrol and insurance it means I'll be buying next to nothing that's not vital for a while.

[Eric Mc]

There is no VAT on insurance - although IPT also increased.

[Tsippy]

Randy Winkman said:

On it's own it doesn't make much difference, but combined with increases in train fares, petrol and insurance it means I'll be buying next to nothing that's not vital for a while.

Same here, I feel am crushed beneath transport costs

[onesmallstep]

I'm spending like mad because pretty soon our currency will be toast anyway.

[Jackleman]

onesmallstep said:

I'm spending like mad because pretty soon our currency will be toast anyway.

Having savings in the bank at the moment certainly does not make much sense. But what to do with the money instead?

[powerstroke]

Jackleman said:

onesmallstep said:

I'm spending like mad because pretty soon our currency will be toast anyway.

Having savings in the bank at the moment certainly does not make much sense. But what to do with the money instead?

put it into dollars perhaps!! no not US.... austrailian... or any country's currency you might feel like escaping to when we sink....

Edited by powerstroke on Sunday 23 January 14:20

[madala]

.....£25 per £1000...sure ain't going to change my life to any great extent.....

[Jasandjules]

Jackleman said:

Having savings in the bank at the moment certainly does not make much sense. But what to do with the money instead?

Depending on how much you have.

1. Buy a TVR Chimaera
2. Buy a DB9 Volante
3. Buy an F430