VAT cut and fuel duty increase - the reason why you should ignore headlines and look further down the page
Quick rant today.
VAT cut by 2.5% - whoo hoo!
Fuel Duty goes up (or as the government would put it - the postponement has been postponed) so courier costs will go up again.
Net effect?
Customers will feel aggrieved that e-tailers haven't been able to cut prices, e-tailers get frustrated as they lose customers and Gordon Brown puts his pants over his trousers and claims to be the messiah of the global economy.
Whilst we are on the subject of government sleight of hand...where's the £22 billion raised by the 3G radio spectrum license gone? Granted, when a government is £1 trillion in debt, £22 billion is change down the back of a sofa but surely it can't all have gone to pay for Alastair Darling's eyebrow tinting?