Beat the VAT increase .... a marketing tool?
Stunty
Posts: 45,699 Forum Member
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VAT may be increasing officially in the 4th January 2011 .....
However anybody thinking about this rationally must realise that it's not such a bit deal, and the media and retailers are marketing it as some kind of big saving.
For example the saving on a £100 purchase will be a 'massive' £2.50!! A lot of people don't think twice of spending more than that on the lottery each week. £500 and you save £12.50 ...... ok so it is better to have the increase in your pocket rather than the retailer, but it is no reason to rush a buy items just because of the increase, as the media are attempting to dupe the GBP.
Perhaps if you are buying a new car where there is a saving of a few hundred pounds then it would be worth buying the product now.
The media are drumming this one up without actually mentioning the reality of the saving ...... it may be obvious to some but you know what they say, 'a fool and his money are so easily parted'!
However anybody thinking about this rationally must realise that it's not such a bit deal, and the media and retailers are marketing it as some kind of big saving.
For example the saving on a £100 purchase will be a 'massive' £2.50!! A lot of people don't think twice of spending more than that on the lottery each week. £500 and you save £12.50 ...... ok so it is better to have the increase in your pocket rather than the retailer, but it is no reason to rush a buy items just because of the increase, as the media are attempting to dupe the GBP.
Perhaps if you are buying a new car where there is a saving of a few hundred pounds then it would be worth buying the product now.
The media are drumming this one up without actually mentioning the reality of the saving ...... it may be obvious to some but you know what they say, 'a fool and his money are so easily parted'!
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Comments
Is that a joke? ...... they have a 365 day sale!!
A bit like 'Dreams' bed sale ..... it is always 'ending on Monday', then they have the same sale which starts every Tuesday.:p
Tens of thousands of people queued outside Selfridges this morning to buy reduced junk, pathetic
I'm amazed at peoples insatiable desire to spend money regardless, just because it is reduced or half price.
Just think, the stores are still making their margins on sale items ...... it's just that they were fleecing everybody when they were charging the full price.
The important questions to ask whether an item is full price or half price is .....
1) 'Do I need it?
2) 'Do I want it?
If 1 and 2 are definitely 'yes' then apply question 3) Can I afford it?
If 1 & 2 were 'no' at full price, that shouldn't change just beause they are a so called 'bargain'?
Too many gullible folk who think they have to get something before they're all out of pocket (when they're clearly not going to be) :cool:
£2.12 not £2.50
edit, just calculated it myself and it comes out at £2.127 so your figure is closer than mine.
I spent about an hour trying to explain this to a friend in the pub the other night. He could not get it into his head that an increase in VAT of 2.5% does not mean that prices will (or at least should) go up 2.5%. It's 2.127%
Besides there is going to be so much discounting over the next few weeks that people won't notice the VAT rise for a while.