*Urgent News flash*
Shops press ahead with VAT rise - High Street bosses are so convinced the new Government will increase VAT to 20pc that one of the UK's largest chains is already altering its prices in anticipation.
Daily Telegraph - 20th May 2010
Sainsbury's boss warns VAT increase is coming soon - The chief executive of the supermarket giant J Sainsbury yesterday joined other retailers and conceded that the Government could be set to increase the VAT rate to 20 per cent, as David Cameron's coalition sets about cutting the gaping public finances deficit.
The Independent 14th May 2010.
VAT increase looks a done deal, despite the Government's denials - "We believe any such tax hikes will occur as soon as possible, as part of a 'kitchen sink strategy' to absorb the pain, while the coalition is still in a political honeymoon and the previous government can be blamed," says Citigroup's Ann O'Kelly. Daily Telegraph 8th April 2010
VAT rise looms as coalition deal adds estimated £10bn to debt - There were warnings tonight that the government will be forced to hit consumers with a VAT hike to 20% if it is to reduce the country's gaping budget deficit and retain the confidence of jittery financial markets.
The Guardian 13th May 2010
These are the headlines we at Prime Stables are seeing on a regular basis.
By placing your order now and then paying in advance as much as you can prior to “The Emergency Budget” on 22nd June when the new chancellor is expected to raise vat from 17.5% to maybe 20%, you will beat the chancellor’s possible tax raid and save that additional 2.5% he could add to your new buildings.
Call us now on 01403 823 836 to place your order or to pay in advance for your new buildings.
You could save yourself quite a considerable sum should the new “Chancellor of the Exchequer” raise vat to new elevated levels as widely expected.