You’re probably all aware that the economy is completely knackered at the moment so our Prime Minister and Chancellor are trying to find ways around it. Today he’s to announce a cut in VAT – the first change in a long, long time. It’s aimed at boosting consumer spending and getting the economy going again. He’s reducing the rate from 17.5% to 15%… that’s a mammoth 2.5% off almost everything you buy! Wow!
Errr…
Wait a minute.. 2.5% off? That’s not really much is it? I mean, you’re hardly going to have the sale of the century if you’re a shop owner are you? Would you put signs up saying, “Sale now on! 2.5% off!” ? No, you wouldn’t.
Work it out.. 2.5% off ten quid – that’s 25p. Coorrr.. What a bargain. I’m rich again! I don’t need to worry when the 100 gas bill comes in now, because I’m going to get a WHOLE 2.50 saving!
Job done!
Oh, and if I hear “Economic Downturn” mentioned on the news I think I’ll go mad. It’s a bl**dy big-ass recession is what it is, not a “downturn” or a “crunch” of any kind. Grrr…