MegaSack DRAW - This year's winner is user - rgwb
We will be in touch
I guess its fairly obvious it will be but does anyone on here within the trade have any insider knowledge?
It just seems strange to have a January/end of season sale start and then a 2.5% price-hike a week in.
What do you reckon?
Will be interesting to see who does what on the vat front.
Many didn't pass last years reduction on [CRC springs to mind]
Some made an early effort to say reduction would be deducted at checkout [Rapha,as I recall] but it soon kind of fizzled out.
I'm wondering this too. Prices on loads of things still seem to be ending 99, or 00. I agree with Podium. The only thing I noticed it on was top ups for my payg phone.
I would have thought that the increase would be passed on. The government should have left it at 15%.
This whole VAT thing is a bit daft. It was meant to give businesses a little more margin by decreasing the tax burden. A lot of businesses saw it as a way of offering lower prices to customers, but this left the margins the same for them. In theory they may well increase them again.
we are taking the view that we didn't decrease prices last year so it would be a bit rude to increase them this time.
There are a few suppliers who are increasing the suggested retail prices but they are few and far between.
I think things will just carry on as normal.
Many bikes and bits went to stupid prices, which soon got rounded off to make them more sensible. For 2010 all bikes/bits already have nice round prices, so perhaps they'll go to ridiculous prices for a month then get rounded down again and it'll make no difference!
I expect the retailers will swallow the increase on small value items because of the hassle of repricing, however it's not a 2.5% increase on the total value is it? It's more like 2.1%.
Anything under a hundred quid won't make much difference to the buyer.
It was a stupid tax cut which I don't think did anything to help the economy, just caused a massive headache for companies pricing goods and calculating their VAT.
Of course, according to Mr Darling's forecast, we were supposed to be in recovery by now, but the economy actually shrank by 5%. All but the most niaive could see that there would be no quick fix to this economic downturn. Another indication of the total twonk we have as a chancellor!
Quite a few high street stores seemed to stop passing the VAT reduction on to customers after a very short period. I suspect the same shops will be more than happy to add on costs to the customer, despite having done well themselves out of it in the last year, while blaming the government for 'price hikes' so everything will cost more than before the reduction took place. I think they should have left the VAT alone.