"I'm a small VAT registered business and I will NOT be passing on any VAT reduction. Therefore I'll pocket any benefit rather than my customers. I'm very sorry about this - but it's too much hassle for minimal gain.
Think about this. In my Xmas leaflets (printed in October) I merely stated that "All prices are inclusive of VAT." But what if I'd also quoted the 'current' VAT rate of 17.5%? Thank goodness I didn't - because then I'd have had to pulp all my price leaflets and organise a reprint that quoted a new 15% VAT rate, or whatever.
Brown just hasn't thought this through - he's too interested in doing the ultra-clever solution that is more complicated than the obvious solutions. And of course only Brown is clever enough to think of these over-complicated solutions - he's probably already on his hotline to political leaders as I write so that he can relay to them further advice born out of his undoubted genius ?
What a clown."
A second reader comments...
"I work for a retailer, and i can assure you that in all likelihood, we won't be rushing to reduce prices to silly amounts like £2.92!"
And The Village Postmaster explains HERE why the VAT cut won't work for his business.