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The shopping experience has gone ballistic on the high street uk. Its a massive success story with more being spent right now than ever before...in fact its the highest Christmas/Boxing Day spend since records began. This is odd when you consider we are in the middle of a horrific recession. The redundancies and job losses have been enormous lately, yet somehow we have managed to spend like never before.
Why is this happening? In a word...VAT! There are substantial savings to be made at the moment right across the high st. Not only do you have SALE reductions enticing you into stores, and very nice too, but you also get right now a substantial vat cut which shows real benefit when buying larger ticket goods. The public are highly aware of this situation. This vat reduction, often derided at the time, has found a beneficial sting in its tail and now the retail sector is singing its praises or at least singing the fantastic windfall it has given them over the period. Spending in a recession is good for the economy...the government have been spending their way out of recession, and so have we Joe Public by making sure our pound goes further.
So cuddly duo Gordon and Alastair, oft times bashed unjustifiably, must be relishing their holiday break with a kind of smug sigh, and ordering another slice of turkey fritter from cook!
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