Sainsburys pretax profits up to £671m ($1bn) - Consumer Power Needed! - HotUKDeals
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Sainsburys pretax profits up to £671m ($1bn) - Consumer Power Needed!

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Which is nice. They rose 17.5% on the previous year. Consumers should remember this when the VAT increase comes and the items/goods applicable for VAT creep up (please note the majority of 'esse…
JonnyTwoToes Avatar
banned6y, 10m agoPosted 6 years, 10 months ago
Which is nice.

They rose 17.5% on the previous year.

Consumers should remember this when the VAT increase comes and the items/goods applicable for VAT creep up (please note the majority of 'essential' supermarket produce is zero rated anyway)

There is room for the top supermarkets to NOT pass on the VAT to consumers who are facing an upward struggle for the foreseeable future.

Yes, this goes against all my capitalist ideologies but this needs to happen.
JonnyTwoToes Avatar
banned6y, 10m agoPosted 6 years, 10 months ago
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banned#1
Yesterdays news
#2
banned#3


You mean use the thread that disappeared up it's own behind? I don't think there is a mention of VAT in that last 24 pages of that thread.

This thread is about consumer power, not necessarily VAT
banned#4
slamdunkin
Yesterdays news


Consumer power is actually tomorrows news - something we all have to get involved in to save the pennies.
#5
I just want fuel to come down in price. :(
banned#6
hippyharry
I just want fuel to come down in price. :(


Unfortunately, I feel that is going to go in one direction.
HOWEVER - I do like the idea of supermarkets offering incentives to buy produce and then get discounted petrol prices. I think Sainsburys offered something similar a few days ago?
#7
JonnyTwoToes
Unfortunately, I feel that is going to go in one direction.
HOWEVER - I do like the idea of supermarkets offering incentives to buy produce and then get discounted petrol prices. I think Sainsburys offered something similar a few days ago?


Sains has had 5p off a litre for the last week or so.
#8
tinkerbell28
Sains has had 5p off a litre for the last week or so.

if you spend over £50 in store;-)
banned#9
Go socialist Jonny!!
banned#10
how much will sains pay in tax? isn't that enough for that company to pay?
banned#11
I'm starting to think JTT and Plum are one and the same. A multi I have discovered mods.
banned#12
master_chief
Go socialist Jonny!!


:-D

Capitalist with socialist tendencies maybe. :thumbsup:
banned#13
bykergrove
how much will sains pay in tax? isn't that enough for that company to pay?


The tax they pay is fantastically huge I agree - but pretax of $1 billion doesn't warrant passing on an increase of 2.5% when the VAT rise comes.

We are all in this together - that includes the big guys. It will make no sense for the consumer to be more and more out of pocket whilst the big supermarkets post greater and greater profits.
banned#14
JonnyTwoToes
:-D

Capitalist with socialist tendencies maybe. :thumbsup:


Yeah yeah tell that to the other Thatcherites ya big lefty!
#15
casparwhite
if you spend over £50 in store;-)


Oh yeah £50 spend it's for online groceries too, got one yesterday.
banned#16
JonnyTwoToes
The tax they pay is fantastically huge I agree - but pretax of $1 billion doesn't warrant passing on an increase of 2.5% when the VAT rise comes.

We are all in this together - that includes the big guys. It will make no sense for the consumer to be more and more out of pocket whilst the big supermarkets post greater and greater profits.


so would you prefer if the company was 2.5% less productive instead?

that 2.5% still goes back into the economy. maybe the consumer should become more efficient rather than even less.
banned#17
bykergrove
so would you prefer if the company was 2.5% less productive instead?

that 2.5% still goes back into the economy. maybe the consumer should become more efficient rather than even less.


:-D Trust me, the consumer will be forced to become more efficient in the coming months.
Hey, I feel like I'm a lefty arguing a case against capitalism - that really isn't my stance on this (the exact opposite is true to be fair).
However, productivity doesn't come into it. Consumers don't spend when prices are high; consumers do spend when prices are low. That is economical sense and something Tesco and Asda base their whole business model around.

For these big supermarkets to not pass the VAT increase on to the consumer would not make a dent in their profits - the consumer however would be better off.
banned#18
master_chief
Yeah yeah tell that to the other Thatcherites ya big lefty!


Less of the 'big' :-D
banned#19
JonnyTwoToes
:-D Trust me, the consumer will be forced to become more efficient in the coming months.
Hey, I feel like I'm a lefty arguing a case against capitalism - that really isn't my stance on this (the exact opposite is true to be fair).
However, productivity doesn't come into it. Consumers don't spend when prices are high; consumers do spend when prices are low. That is economical sense and something Tesco and Asda base their whole business model around.

For these big supermarkets to not pass the VAT increase on to the consumer would not make a dent in their profits - the consumer however would be better off.


Have to agree on this. One of the supermarkets will make a big deal about absorbing the VAT increase. Others will follow. This is because:

1. They could afford to anyway
2. They can easily recoup the cost without anyone really realising. They control the markets and either squeeze the suppliers or increase product prices anyway over a period of time.
[mod][Moderator]#20
master_chief
Have to agree on this. One of the supermarkets will make a big deal about absorbing the VAT increase. Others will follow. This is because:

1. They could afford to anyway
2. They can easily recoup the cost without anyone really realising. They control the markets and either squeeze the suppliers or increase product prices anyway over a period of time.


Or 3, as they've already started to do, smaller amount of product for the same price:thumbsup:
banned#21
wishihadadonkey
Or 3, as they've already started to do, smaller amount of product for the same price:thumbsup:


However we need to make sure this isn't going to directly effect the producer.
It is impossible, and would not be ethical, for government to legislate in a way that forces supermarkets to act kindly in the next few years.

That is why it should be left to the consumer to talk with our feet.

http://i.ytimg.com/vi/g0O515a4hJ8/0.jpg
#22
you gonna answer my post on the difference between GST and VAT jonny and how they are not comparable?
banned#23
casparwhite
you gonna answer my post on the difference between GST and VAT jonny and how they are not comparable?


If it means getting into a testosterone fuelled nonsense debate for the next twelve hundred pages then no. I have better things to do with my time. :-D
#24
JonnyTwoToes
If it means getting into a testosterone fuelled nonsense debate for the next twelve hundred pages then no. I have better things to do with my time. :-D


no just 1 plain post in answer of the question will do


seems you want to start a 12 page debate tho by not answering:)

now i think its about 30 pages in the other thread and i still dont know the point alf was originally making:)
banned#25
JonnyTwoToes
If it means getting into a testosterone fuelled nonsense debate for the next twelve hundred pages then no. I have better things to do with my time. :-D


Me too.

It is called having a life certain member's don't seem to have one :-D
banned#26
casparwhite
no just 1 plain post in answer of the question will do


seems you want to start a 12 page debate tho by not answering:)

now i think its about 30 pages in the other thread and i still dont know the point alf was originally making:)


OK, two words: Percentage rate. Now look here if you need anything further.
#27
JonnyTwoToes
OK, two words: Percentage rate. Now look here if you need anything further.


they were your claims i was just asking you to clarify.........so you admit they are 1 and the same then?

are YOU going to admit you were wrong?
#28
DLM
Me too.

It is called having a life certain member's don't seem to have one :-D


ill deal with you later:whistling:
#29
All of the big supermarkets operate a cartel, note that the Asda Price Guarantee doesn't apply to Aldi/ Lidl/ Netto.:x

I wonder why ??:roll:
banned#30
casparwhite
ill deal with you later:whistling:


Ooooooooo playing the big man on the internet :thumbsup:
#31
DLM
Ooooooooo playing the big man on the internet :thumbsup:



no i have bigger fish to fry during the day......you are but a plankton:)
banned#32
casparwhite
no i have bigger fish to fry during the day......you are but a plankton:)


Wow I bet in really life you are a 6 stone weakling and I could probably take you out :lol:
#33
DLM
Wow I bet in really life you are a 6 stone weakling and I could probably take you out :lol:


lol keep track please i posted my weight last night in micoos thread you spoilt:roll:


im out before the clean up police arrive
banned#34
casparwhite
lol keep track please i posted my weight last night in micoos thread you spoilt:roll:

im out before the clean up police arrive


I don't believe anything you write on threads.

Carry on posting picture's that are removed they are hilarious :lol:
banned#35
casparwhite
they were your claims i was just asking you to clarify.........so you admit they are 1 and the same then?

are YOU going to admit you were wrong?


If you think 17.5% and 3% are the same then yes, you are correct. Well cone. :thumbsup:
banned#36
Inactive
All of the big supermarkets operate a cartel, note that the Asda Price Guarantee doesn't apply to Aldi/ Lidl/ Netto.:x

I wonder why ??:roll:


Good point.
If only Aldi/Didl/Netto sold better stuff!! :-D
banned#37
JonnyTwoToes
Good point.
If only Aldi/Didl/Netto sold better stuff!! :-D


M&S are doing the £10 meal deal at the moment :whistling:

I am going out now because I have things to do.

Enjoy your day :thumbsup:
#38
JonnyTwoToes
If you think 17.5% and 3% are the same then yes, you are correct. Well cone. :thumbsup:


another smart ass, attempting to be smart with words.

you said move to jersey so you dont have to pay vat....... you have to pay gst its another version of vat

at least admit when you are wrong and take responsibility for what you said however wrong you may be.......isnt that what youve said recently on a number of occasions ?

usual tory BS
#39
JonnyTwoToes
Good point.
If only Aldi/Didl/Netto sold better stuff!! :-D


Aldi sell far better stuff than Asda and Tesco, no comparison.
banned#40
Inactive
Aldi sell far better stuff than Asda and Tesco, no comparison.


Really? I honestly didn't know that - have to confess I use Waitrose. :oops:

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