Yesterday was the busiest day of the year as customers rushed to purchase electrical goods before the VAT increase. But then it is only the 5th January. 2.5% is not a great deal if your purchasing a radio or food processor but its an extra £30 - £40 on the cost of a Range Cooker or American Fridge Freezer. Where ever possible we have absorbed the VAT increase however the margins on some electrical appliances sold on line are so low that we are forced to pass it on.
Its not all dome and gloom as many manufacturers have reduced the cost of their goods to encourage consumers to buy. Sony slashed the cost of their LCD which has resulted in saving of up to £500 on some models. There have great savings on Belling Hotpoint Stoves and LEC appliances.
