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Old 24-06-10, 01:03 PM
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Cool Currys Boss brushes off VAT fears...

The boss of one of Britain's biggest retailers has played down fears that the coming VAT rise will hurt business.

John Browett, head of DSG, which owns Currys and PC World, told BBC Radio 5 live it won't "make a decisive difference one way or another".

"In our sector we always get price deflation each year as technology gets better," he said, explaining that this would offset the impact of higher VAT.

BBC News - Currys boss John Browett plays down VAT rise fears


Interesting take, price deflation will compensate VAT rise Doesn't help your bottom line though surely?
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