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The trouble in in our market we always hold back when the manufacturers increase their prices and keeping our prices the same after the VAT rise would be another bite into our margin.
I believe our customer service and offering to be far greater than our competitors anyway so 2.5% will not make a difference to our customers as we are already the best VFM out there.
The trouble in in our market we always hold back when the manufacturers increase their prices and keeping our prices the same after the VAT rise would be another bite into our margin.
That's the big danger especially for smaller up and coming businesses. The larger ones can force their suppliers to swallow the increase at least for a month or two so they can appear generous to their customers