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Pound forecast to tumble on 'insane' spending cuts
As the UK imports 99.9999995% of everything it consumes and as everything is purchased in dollars, the knock on effect is huge. Add to it a move 17.5 - 20.0% in VAT on the New Year and the cost of everything, including Thai Tat goes through the roof.
I for one think next year is going to be horrendous, and on that basis I am closing the doors on my retail business in the New Year for good and going to do something less profitable instead.
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