VAT Rate Change

A Better Deal For Who? Companies And Stores Taking Advantage Of The Vat Rate Change

The idea behind the UK VAT rate change was to increase consumer spending by lowing prices on goods, thus letting their money go further. However, it would appear that this is not the case across the board. Legally, the government cannot force companies to reduce their prices. Many companies have kept their prices the same, and are simply pocketing the 2.5% difference caused by the VAT rate change, leaving consumers angry and worse off. Perhaps most shockingly, councils are not p