January 2011 – VAT Rise

This is just a quick post to anyone in the UK and GBP traders .

Remember the 4 th January next year,VAT is set to rise so if like me your looking to buy some new Electronic or big-ticket items you,d be as well getting them now to avoid paying extra.

When VAT climbs in January it will also immediately push up the rate of inflation, adding an extra 2.5p for every pound we spend. The 2.5 per cent hike in VAT will unavoidably impact headline inflation from January 2011 onwards temporarily aswell.

Hope that little reminder saves you some Dough this Xmas $$ .

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