VAT Rate Change

With the VAT Rate changing from 17.5% to 15%, suppliers are supposed to pass on the reduced VAT rate to you, the consumer on all standard VAT goods. So how much should things cost now? Full rate 17.5% VAT items thought to be changing to 15% *Ford Mondeo Current price: £15,995; new price: £15,175.26 Saving: £819.74 *Big Mac meal Current price: £3.79; new price: £3.60 Saving: 19p Article Continues Below: *Large latte from Starbucks Current price: £2.65; new price; £2.51 Saving: 14p *Mars bar Current price: 40p; new price: 38p; Saving: 2p *Bottle of wine Current price: £5.99; new price: £5.99 Saving: 0p - While the VAT on alcohol is going down, the duty on alcohol, tobacco and petrol is going up, so there are no savings to be made on these products!