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Will VAT Be Higher Than 17.5% When It Is Put Back Up, On The 01/01/10?

Background: UK VAT Was reduced from December 1, 2008 for one year to 15% (From 17.5%)

It is due to go back to 17.5% again on the 01/01/2010

This could be an opotunity to increase this to a higher level than previously.

Will VAT be set to OVER 17.5% by the 01/01/2010?

To avoid any confusion, If VAT stays at 15% or is reduced further, than that will be a 'NO'

Settlement details:As reported by a major mainstream news source.

 
Forecast history %
Yes
6%
No
94%
Question suspends in 5 weeks

Suspend date: Wed 30th Dec 10:30am PST (5 weeks to go)

Initial likelihoods: Yes: 25%

Action history:

Created Wed 5th Aug 10:48am PST by mikeypr
Changed Question text Mon 31st Aug 2:59pm PST by tisha[Admin]: ... Than 17.5% When It ItIs Put Back Up, On The

Suspend date: Wed 30th Dec 10:30am PST (5 weeks to go) details

 

Predictions (16)

4 weeks ago
smoothtoast predicted Yes (H$100 at 8%)
6 weeks ago
kolia39 predicted Yes (H$100 at 7%)
6 weeks ago
rachhh predicted Yes (H$100 at 7%)
6 weeks ago
harlech predicted No (H$40 at 94%)
11 weeks ago
anifersgirl predicted No (H$50 at 92%)

Comments (1)

Elle Macpherson Can’t Counter London Gloom as Americans Flee
http://www.bloomberg.com/apps/news?pid=20601109&sid=alNiweY01.Mk
Aug. 26 (Bloomberg) -- Andrew Wesbecher moved to London from New York in 2006 to sell software to banks and hedge funds. This month he joined the exodus of American expatriates fleeing high taxes and the city’s shrinking financial industry.

“I’m the last guy to leave that I know,” said Wesbecher, 29, who worked for Tibco Software Inc. and lived in Notting Hill, the London neighborhood that’s home to billionaire Richard Branson and model Elle Macpherson. “We are all packing up.”

The number of U.S. citizens in Britain fell 3.8 percent to 126,000 in the 12 months through September, according to the Office for National Statistics. The trend probably continued this year, with the Confederation of British Industry estimating the U.K. financial industry will lose about 45,000 jobs in the first nine months of 2009, or 4.3 percent of the total.

Americans are heading home as Britain plans a 50 percent tax rate for those who earn more than 150,000 pounds ($248,000) a year and employers cut benefits for workers living abroad, reducing the allure of London. That comes a year after the U.K. said foreigners who have lived in the country for more than seven years must pay 30,000 pounds annually or give up the special status that shields overseas income from British taxes.
...
[More at the link...]
posted 12 weeks ago

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