Customers to Get a Good Deal Despite Vat Hike

Summary


Big stores pledged to absorb or delay the new year VAT hike as retail groups predicted this month's spending will be "a little lighter".

Consumers rushed to the shops before VAT returned to 17.5 per cent yesterday.

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Extract


Customers to Get a Good Deal Despite Vat Hike

But many of the bigger retailers promised to freeze VAT at the lower rate of 15 per cent on th...

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