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Just when we heard the VAT is knocked off by 2.5% and about to form an opinion on that, a newsflash tells us of a document which was accidently posted on the government website saying the tax cuts will not only be reversed but also be hiked to 18.5% in 2010. Alistair Darling, the Finance Minister, already canvassing with the rose tinted chorus of £12.5-billion-put-in-customer-pocket set out to defend it all in frenzy. Things have been no short of a farce put up by Gordon and his Darling.
Even if a common man was to neglect the latter part as yet to be confirmed, it’s hard to say what’s so enjoyable about the VAT cut declaration. Considering VAT is levied upon consumer goods and the ones that we buy most often are petty things like games, gadgets, DVDs and toys costing us 20 or 30 pounds. Now we don’t see ourselves running to a shop to buy Mario Kart because now it costs £32.24 instead of £32.99; at least not any more than we are already. The projected saving per household ranges between nothing to a couple of hundred pounds a year. Doesn’t make us feel any richer, does it?
On the other end, the retailers cannot understand what to make of it either. Now who would be happy to undertake the mammoth task to redo the price and labels on all the products at the busiest time of the year? Especially when they have already done it not even a month back for Xmas sale. So if the merchants aren’t happy and the customers aren’t happy, it makes us want to look for signs of lunacy in the eyes of the Gordon guys when they go around on their ‘Rejoice, we brought you a Christmas miracle!’ bandwagon.
Experts and opinion leaders all over the nation are criticising the decision and that makes our suspicion stronger by the hour. Our personal favourite celeb comment has to be Boris Johnson saying; “He is like some sherry crazed old dowager who has lost the family silver at roulette, and who now decides to double up by betting the house as well” We are with you on this one mate!
To put it all in perspective with the honest efforts that we at MemoryBits and surely every other merchant has been making by slashing down prices for the consumers to make their Christmas as merrier as can get, 2.5% doesn’t make us so much as bat our eyelids.
| 2.5 |
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