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Wednesday, April 22, 2009

The Cost of VAT Cuts

In a bid to solve the UK financial crisis, our Prime Minister has seen fit to make iPods a few pounds cheaper.

Woolworths and MFI are just a couple of businesses that have already gone from our high streets and more will follow in 2009 which is a sad reality of our current economic down-turn.

One shining light in all of this though is the web. John Lewis’s high street sales this Christmas past were pretty depressing but their website broke sales records. JL weren’t alone. We spent a fortune during the run up to Christmas. On 8th December we were spending a million quid a minute. UK online sales were expected to top £13.2 billion.

Posted by Steven Grant on 04/22 at 10:11 AM

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