Many commentators are predicting an increase in the rate of VAT from 17.5% to 20%
George Osborne, the Chancellor, has announced he will deliver his first Budget on June 22, exactly six weeks after the new coalition Government took office. Many commentators, including the Institute for Fiscal Studies, are predicting that an increase in the rate of VAT from 17.5% to 20% is one of the most likely measures.
If you are thinking of installing a stove, gas fire or fireplace then you could potentially save money by ensuring that any order is invoiced before that date. For details of prices for Stovax stoves, fireplaces and hearth accessories and Gazco gas or electric fires, please contact your local retailer.