Its been leaked that VAT is going to be cut from 17.5% to the EU minimum of 15%. Somewhere along the line in some places profit margins have been increased by 2.5% which might be passed on to the consumer.
Uncle Iain can't seem to find a single commentary blog which thinks this is a positive thing.
Even uncle Dizzy reckons that in the best case scenario of a four person family, this amounts to around £1,000 a year, but just as a temporary measure. Which will have to be paid back at some point in the future when our finances are in a worse shape.
But I have this about 'temporary measures':
Income tax was also a temporary measure
So here's hoping.