VAT cut kicks in
I was a bit taken aback on handing over my £1.30 for a small black coffee in Greggs the bakers, Leather Lane, EC1, this morning, to get 3p change back.
The shop assistant explained this was the 2.5% VAT cut being passed straight on to customers.
So thank you, Alastair. I will, in the interests of the fiscal stimulus, find something to spend my 3p on.
If everyone else spends their 3ps too we might have the desired economic effect.