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Yes very good to hear the excellent financial news eminating from local businesses/forumites as mentioned above. Well done to all those.
I heard an item on midnight news last night (R4) that high street shops are to ask if the vat situation could remain in situ until february in order to prolong the current boom. First of all this shows how powerful the current boom in spending actually is, which took everyone by surprise, it also proves the effect the VAT situation is having. Okay as we know it helps with large ticket items and companies like Moben, Magnet, Olympus and so on know that very well, as you can see on your TV, but also it gives a psychological boost to the smaller ticket item shopper as well. If he thinks prices are going up enbloc on any single day he will shop with a frenzy before that day.
But yes I suspect BarryW is right in that the curent spend will impact on Q1 but nevertheless as all our grandmothers used to say, we should make hay while the sun shines, and if the current boom is running, then lets run with it and lets have an extension to the 15% VAT period.
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