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VAT cut working as retail sales rise

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04-14-2009, 06:01 AM

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VAT cut working as retail sales rise

Figures from the Centre for Economics and Business Research (CEBR) have revealed that the Government’s VAT cut, implemented on December 1st, is working after it led to £2 billion of additional sales. Douglas McWilliams, the CEBR’s chief executive, described the growth in retail spending as “remarkable” and said: “There was an immediate boost to the [...]

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