Consumers can offset the VAT rise by using voucher codes, says Savoo

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It has been approximated that the UK’s recent 2.5 per cent increase in VAT will cost the average family £500 a year but according to Savoo one way of offsetting this extra expense is to shop at times when discounts are available and to use voucher codes on as many purchases as possible.

It has been approximated that the UK’s recent 2.5 per cent increase in VAT will cost the average family £500 a year but according to Savoo one way of offsetting this extra expense is to shop at times when discounts are available and to use voucher codes on as many purchases as possible.

On top of the VAT rise, Britain’s consumers are feeling a pinch on the wallet due to rising petrol costs, around eight pence in the last month, as well as inflationary costs of food. Although the period after Christmas is historically tight on many people’s purses, some large retailers have already begun to report a distinct slowdown in their January sales growth and this is being attributed to the climbing VAT.

Shoppers up and down the country are appearing reluctant to squander their money at the moment but as spending is necessary, the UK’s only deal and discount code website that doesn’t display expired vouchers, is advising people to shop smarter and get into the habit of searching for vouchers. People will, of course, carry on making purchases, but why should they pay full price when a discount is available? New discounts are uploaded to the Savoo website each week and currently 15 per cent savings can be made on all first orders for clothes, electricals, homeware and much more with a SimplyBe Discount. In addition, a Jessops Discount Voucher from Savoo gives shoppers 5 per cent off everything from the online store.

Simon Bird, Director of Retail Partnerships at Savoo, said: “Everyone is struggling with their finances at present and Savoo wants to ensure UK consumers aren’t paying more than they have to. Over the coming year people will have to continue buying certain items such as clothes and shoes, and electrical appliances do unfortunately breakdown and need to be replaced, plus, one can’t postpone special occasions like birthdays or weddings. However, if shoppers change their habits by using discount codes for as many purchases as they can, it’s possible to offset some, if not all, of the VAT increase throughout the year.”

Savoo.co.uk works with all the top online stores to bring UK shoppers the very best deals and vouchers and Savoo Answers is a bespoke advice service, which offers guidance on where the greatest savings can be had.

For further information, visit http://www.savoo.co.uk.

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Pete Goold
Punch Communications
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