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The VAT Change – Did Anyone Notice

Interesting… the government cut VAT from 17.5% to 15% to help boost the economy. No-one thought it would make any difference. The FSB (Federation of Small Businesses) did a survey in which 97% of firms questioned said the cut had made “no impact at all” (I happen to know that stat was accurate as I sent the survey out and saw the incoming results), meanwhile the Centre for Economics and Business Research insisted it led to 2 billion in additional sales.

So it the sales didn’t go to the small businesses… where did they go?

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