Confabulations

I’m not the most financial-minded person in the world. In fact, I only really care about how much tax I pay on my wage and how much my petrol and heating costs. So when the government announced their VAT rate cut to 15% I wondered how it would affect me. As I understand it, I’ll pay less VAT on ’stuff’ like a new television or whatever, but I’ll pay more in National Insurance contributions next year to make up for it.

So what if I don’t want a new television? The VAT cut isn’t going to put any more money in my pocket whatsoever. In fact, I’ll be worse off next year because I’ll have to pay for this so-called ’saving’. As far as I can tell, the government are going to screw me over royally next year so that I won’t be able to buy anything I do want, like jewellery or furniture or other useful things. So thanks for nothing government, you’ve made me poorer yet again.