VAT is to be cut from 17.5% to 15% as of Monday December 1st 2008.
How it effects us:
1. Mars bar - down 1p *
2. JVC LCD television - down £12.77 *
3. Levi's jeans - down £1.49 *
4. Next suit jacket - down £3 *
5. Ford Focus - down £322 *
You can find more information on: http://news.bbc.co.uk/2/hi/uk_news/politics/7745340.stm