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They will hardly notice the VAT increase.
Some components reflected the VAT increase more than others.
Mr Sarkozy's planned VAT increase will be abolished.
Osborne insisted that the Tories were not planning a VAT increase before the election.
12.12pm: Q: Isn't the VAT increase going to hit poor people the hardest?
A 13% VAT increase on tickets announced this month is of great concern.
Mr King said that the overshoot would be temporary, partly because it reflected the VAT increase.
They agreed to the VAT increase only because they will get half the proceeds.
James McCormack of Fitch warns of an immediate downgrade if the VAT increase is abandoned.
Last year's VAT increase may have disheartened consumers but it allowed a cut in payroll taxes.
Consumers are expected to target bargains before the VAT increase from 17.5%to20%0% on 4 January.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com