Facebook Access – Commenting on VAT Increase.
Facebook Access – Commenting on VAT Increase.
The person that logged into my facebook account had commented on a group and talked about the VAT increase affecting the price of drinks.
I know it sounds quite silly but the person in question must have thought they’d take the piss due to my interest in Business and Economic areas. Personally I found it quite amusing and the person that wrote it deleted the activity from my profile wall, as if I wouldn’t find out? Haha.
“I understand that VAT has risen this year, however I think it wholly
unfair that you have increased bar prices in line with this change
during this economic climate. As a 2nd year Business student, I have
decided that it would be more economical to stay away from the union,
Quids In being an exception of course. However if… you do decide to
lower your prices to that of last year then feel free to notify me of
this change and I shall re-evaluate my decision to stay away. Please
reach me at ryg8@aber.ac.uk as I recieve mail to this address on my
mobile handset.”
That’s what the person wrote. Silly isn’t it.
Now to summarise my real view of this…
The charge of VAT increased from 15% to 17.5% on the 1st January 2010. The Government had brought in the reduction for one year to try and stimulate demand in the United Kingdom.
From a consumers point of view, only certain items will be affected as many products do not incur VAT in the first place due to the nature of the product.
The products that have to rise in value by 2.5% won’t really make much of a difference unless you’re spending £1000s as something in 2009 costing £100 will now cost £102.50. This is a relatively small proportion of spending and so won’t put off consumers buying everyday items. Including alcohol.
Some businesses are even using the VAT increase as an excuse to compete with other businesses. Using it as a tool to encourage consumers to pay from them saying that they’ll keep prices the same at 15% and pay the extra 2.5% for you. Many businesses have adopted this approach.
Now just to slightly touch upon alcohol prices in Aberystwyth…
The Union is actually one of the cheapest places to buy a drink, not only are the prices relatively competitive and therefore low but they often don’t charge for mixers (such as coke, lemonade) when purchased with a spirit, whilst other pubs/clubs in Aberystwyth do.
Although some places charge more for alcohol than others, Aberystwyth still remains one of the cheapest places in the UK for drinks, especially when compared to the prices of some places in Cardiff.
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- Facebook Access – 26th January 2010
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- Inflation – rising costs + wages
- Mortgage Repayments Increase – Rainy Day sees the savings Come Out!
- Tesco St Mellons Petrol Prices
- Cardiff Petrol Prices more than Aberystwyth
- Pricing Competition 2010
