New Year VAT increase to trigger £2.3bn consumer squeeze
03 Dec 2010 | by Ed Owen
Despite retailers expecting a bumper Christmas this year , the outlook for the New Year is more uncertain. The coalition government will raise the basic rate of VAT to 20% on 4 January as part of its austerity package . Data company Acxiom says the tax hike will not have a uniform effect, and some groups ...



