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VAT increase will damage our buisness

Location: UK » North East » DN
VAT increase will damage our buisness

This goverment is going to increase VAT in january 2011.  My small business purchases many items of confectionary that are vatable. Like a lot of small businesses facing hard times, an increase of VAT on our goods will put our prices up for the consumer. This increase just puts extra pressure on our business. With banks not lending, with consumers having less income to spend, small buisneses will struggle even more in 2011. This tax does not help small businesses at all.

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