20%

[Mike H]

i guess on 250 quid it was only going to add £10

None of these student friends studying maths then ?

 

On the subject of inflation and interest rates, isn't the intention of increasing the rate usually to reign in consumer spending and therefore spending induced inflation?  But the trouble is I don't know many people who are spending at the moment.  Surely the current rate of inflation has been caused by many other factors, consumer spending not really being one of them.  Or am I wrong?

Steve - sounds like you were very diplomatic with your customer,  is that why you turn off the diplomacy valve and let off steam on here?        

Fortunately I don't have to deal with the public !!

Mike

[SteveD]

duno about letting off steam wuv  

in the last 10 years customers have really changed ,they all want stuff done yesterday and the first thing they say is can i have a c/car and its surprising how many think we work all weekend and bank hollidays dropping b****y pilbeam panels off and all sorts ,i have had customers ring on bank hollidays and even new years day while i have been there working on my own stuff  and asking have you had clearence on my car yet ,arrrrrrrrrrrrrgh its new years day   ,even wanting to collect there cars on a sunday and at 9 o'clock at night etc now 9 times out of 10 i will do it if im not busy and if they ask nicley and understand im going out of my way ,its the few that expect it of you and dont understand that we close the same as any other company ,i have even gone in on xmas day a few years ago for a customer to collect his westfield   ,we have brand new fiesta diesel c/cars and if the customer has an older car its surprising how many dont want to bring back the c/car they expect you to wait a week to get it back ,i have lost count of how many times we have had to take our c/cars off peoples driveways ,even get the police involved on one occasion ,it never used to be like this ,all part of working for yourself in the car game i guess, i would not change it though i love what i do ,though at times i despare  

[s2k7]

17% what da h3ll is vat?

never heard in the US......you need a tea Party then

[windy]

i guess on 250 quid it was only going to add £10

None of these student friends studying maths then ?

 

On the subject of inflation and interest rates, isn't the intention of increasing the rate usually to reign in consumer spending and therefore spending induced inflation?  But the trouble is I don't know many people who are spending at the moment.  Surely the current rate of inflation has been caused by many other factors, consumer spending not really being one of them.  Or am I wrong?

Steve - sounds like you were very diplomatic with your customer,  is that why you turn off the diplomacy valve and let off steam on here?        

Fortunately I don't have to deal with the public !!

Mike

No, it's to bring house prices down again. About time that happened.  

[SteveD]

 you will never move out wuv

[stephenh]

I'm paying for most of my upgrades before 4th. January, or at least I'm being invoiced. Already got an invoice for some bits which a certain engine builder/tuner well known and respected in these circles is going to be fitting in my engine shortly.    

I'm expecting another invoice any day for a box of cogs as well.    

[John Loudon - Sponsorship Liaison]

Lets hope you get the parts one day and are happy with them then  

[SteveD]

I'm paying for most of my upgrades before 4th. January, or at least I'm being invoiced. Already got an invoice for some bits which a certain engine builder/tuner well known and respected in these circles is going to be fitting in my engine shortly.    

I'm expecting another invoice any day for a box of cogs as well.    

your having an engine off ash    cool

[dombanks]

as if bringing house prices down will help anything??

im not a great money guru but all the reports on why the "economy" isnt recoveing properly i hear on the radio  blame inflation which is due to fuel prices and high cost of living. i dont see how increasing prices once becuase of vat inc and then again due to the knock on efects it will cause is going to help.

[SteveD]

i blame the chinese , if it wasn't for them little boil in the bag b*******s we wouldnt be in this mess  

[adamnreeves]

i blame the chinese , if it wasn't for them little boil in the bag b*******s we wouldnt be in this mess  

 

[dombanks]

ahh steved in his true form its a sight to behold

[s2k7]

 you will never move out wuv

Talking about wuving out of the country.

Nope not wuving anywhere, we wuv 50 states & different tax code to choose & to live.

http://www.taxadmin.org/fta/rate/sales.pdf

[nikpro]

On a serious note the Big Lad is one 'effin helpful chap that does drop anything to help out - I've seen this first hand several times and I'm still fooked if I know when he sleeps!!

   

[Lurksalot]

ive had this converstion with many people. it goes pretty much the same each time as you described.

them: oh i should buy xxx before the vat

me: why in the grandscheme its not going to add on too much

them but its going to 20%

me: yes from 17.5 so its 2.5 its gone up thats 2.50 in every 100 ...............

i guess on 250 quid it was only going to add £10

I know it is only splitting hairs but .......

Vat is gong up by 2.5% that is increasing the tax rate by 2.5% NOT the selling price  

thus a product costing 100 pounds nett, currently sells at £117.50 with vat and will soon sell at £120 thus the price has increased by £2.50 per £117.50 spent thus the actual rise to the consumer is nearer 2%  

The difference is that 17.5% is a randomish number , but 20% is a fifth and means something , a lot of something  

Still, our order book is nearly full till  march so some are still spending  

BTW  an item costing £250 inc vat now will actually be £255.31 next year but if you are happy with £260 , the retailer will improve his margin and blame the govt for it