Tag: VAT

ConDem VAT hike hits poor hardest

The rise in VAT introduced by the Conservative/Lib Dem coalition government has hit poorest families harder than wealthier ones the latest figures from the Office for National Statistics have suggested. During the General Election last year, the Liberal Democrats had run a campaign warning voters that the Conservatives would deliver a VAT ‘bombshell’ which would…

Pound Shops to take VAT hit

Two popular retailers in Eastleigh are facing tougher trading conditions thanks to today’s rise in VAT which saw the rate climb from 17.5% to 20%. Fixed price discount stores Poundland,which took over the Woollies site last year, and the ‘99p store’ at the Swan Centre will have to find ways to absorb the 2½ percent…

ASDA besieged by angry motorists

Motorists laid siege to the petrol station at Asda supermarket, Chandlers Ford today in order to fill up ahead of the two and half percent VAT increase planned for tomorrow. All routes around the vicinity of the Asda roundabout were gridlocked as a tailback of vehicles waiting to use the pumps stretched back onto Bournemouth…

VAT? You must be joking!

“Why is the Conservative coalition NEEDLESSLY raising VAT? Pity the LibDems can’t resist their Conservative colleagues! Perhaps passive acceptance of Conservative policies is the price the LibDems’ must pay for basking in the Conservative limelight. VAT is an EU tax imposed by the Conservatives on April Fools’ Day 1973. Instead of raising it, UKIP has…

‘U Turn Huhne’ in VAT Bombshell Betrayal

Eastleigh’s MP, Chris Huhne, has defended the government’s plans to raise VAT to 20 % while speaking in Parliament during the budget debate. Facing criticism from the Labour benches the Energy secretary denied that his party has performed a U turn on VAT and spending cuts claiming the facts had changed since the election* During…