How does VAT increase affect shoppers?

How does VAT increase affect shoppers?

Assessment

Interactive Video

Business

University

Hard

Created by

Wayground Content

FREE Resource

The video discusses the impact of a 2.5% sales increase and an 80% price hike on consumers. It provides examples of how these changes affect product prices, such as Blu Ray DVDs and shirts. While some items like food and children's clothes remain exempt, most purchases will see price increases in January. The video also shares personal reactions, highlighting concerns about strained budgets and altered shopping habits.

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1 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What new insight or understanding did you gain from this video?

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