Prospect of sales tax increase could stamp out green shoots of recovery, say retailers Retailers are worried: just when it starts to look as though the worst might be over on the high streets, there are growing fears that an increase in VAT to 20% next year – and maybe even an extension of the tax to food, albeit at a lower rate – is heading their way. Last week, Sir Stuart Rose, the chairman of ...
Guardian Unlimited - Nov 17 3:01 PM