Confidence Vote for Budget 4.0 – VAT Hike, Levy on Top Earners

With the VAT hike of 1% (from 20% to 21%), I wonder if retailers will increase prices by even more than 1%.  We just have to see what happens and hope it won’t be as bad as when Italy switched to Euros.  It’s the end-consumer who eventually bears this cost. [Read more…]