Vat slashed to boost shopping

PUBLISHED: 12:51 03 December 2008 | UPDATED: 14:43 09 April 2010

TRADERS and consumers throughout East Devon got a multi-million pound boost this week when the cut in the standard rate of VAT came into effect on Monday.

TRADERS and consumers throughout East Devon got a multi-million pound boost this week when the cut in the standard rate of VAT came into effect on Monday.

The slashing of the VAT rate, a tax-cut targeting shoppers, amounts to a £650 reduction in goods throughout the Southwest.

More than 2.2 million households and 177,000 businesses across the region will benefit from the cut from 17.5 per cent to 15 per cent.

A family car of £10,000 is now £9787, an £125 I-Pod is £122.34, a winter coat worth £190 is £185.95, a digital camera of £130 is £127.23 and a £400 HD Television is now £391.48.


If you value what this story gives you, please consider supporting the Exmouth Journal. Click the link in the orange box above for details.

Become a supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Latest from the Exmouth Journal