I remember when the content of the budget (mini budget, pre budget etc.) was a closely guarded secret, leaks could distort markets. It seems that that convention goes out of the window when the government needs some favourable headlines over a weekend.
Well I find myself on the horns of a dilemma today. Our 25 year old fridge died this morning and I need to buy a new one, today. But it has been heavily trailed that there is going to be a cut in VAT, so I'm torn. Do I buy a fridge this morning and lose out on the VAT bonanza or do I wait until the changes are implemented by the retailers and risk ruining much of the food in the gently warming fridge?
I did the maths. If one of the packets of meat in the fridge has to be thrown out, the big VAT give away will be wiped out. So much for financial stimulus.
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