tag:blogger.com,1999:blog-14418636.post744843324009323288..comments2023-11-03T08:45:55.121+00:00Comments on Stephen's Liberal Journal: VAT Cuts Favour the Rich More than the PoorStephen Glennhttp://www.blogger.com/profile/03027718551675624433noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-14418636.post-89482460034140180572008-11-30T03:14:00.000+00:002008-11-30T03:14:00.000+00:00Well, the very poorest don't benefit but VAT is a ...Well, the very poorest don't benefit but VAT is a regressive tax, so it hits those on lower incomes more than higher ones.James Schneiderhttps://www.blogger.com/profile/00418770297192706019noreply@blogger.comtag:blogger.com,1999:blog-14418636.post-2171639970367808552008-11-26T22:26:00.000+00:002008-11-26T22:26:00.000+00:00Can't see this VAT reduction having much effect, b...Can't see this VAT reduction having much effect, because nobody who sells something for £9.99 is going to start charging £9.78 for it. Supermarkets sell things at all sorts of odd prices, of course, but most of what they sell is food which is zero rated.<BR/><BR/>If your product costs £470, you've got no excuses!Kevin Anthoneyhttps://www.blogger.com/profile/17137579365902927915noreply@blogger.com