Saturday, 10 January 2009

VAT cut was 'never going to work', says Digby Jones

2 comments:

Nicky said...

VAT cut was supposed to help the economy by encouraging and giving confidence to households,but it didnt happen. the 2.5% cut didnt change anything.It would only change if concumers would start to buy more white goods or cars.neither happened,because people are too scared to lose their jobs so they rather save the money.

chaoya zhuang said...

The VAT cut was aimed to boost consumer confidence and encourag activity on the high streets.
but because of the recession, they are out of a job or worried about their job, everyone is afraid to spend their money,that's why the VAT cut is not going to work.