mercredi 26 novembre 2008

VAT decrease - who benefits?

Not the consumer, that's for sure!
Retailers will derive all the benefits from this VAT cut, consumers will get nothing and small businesses will suffer. Why? Because prices posted in stores have nothing to do with the precise VAT percentage. They're always set at the psychological levels: "9.99", "95", "195" and sums of that ilk. No retailer will be encouraged to pass on anything less than a ten-per cent drop in VAT. They'll just pocket the difference, the consumer will receive no benefit and small businesses that are registered for VAT will find themselves paying more for their consumables since there'll be less VAT to recover against the net price.
So much for the Government master plan.

Dying at home - the statistics

According to a BBC survey:
"The warning comes as a YouGov survey suggests more than 70% of people would feel happiest dying at home. In practice three times more people end their lives in hospital than at home"

The same statistical survey points out that a staggering 99.9% of respondents would prefer not to die at all.