Feeds

Tories, retail ISVs decry Darling's VAT cut

There's no pleasing some people

Security for virtualized datacentres

George Osborne has described Alistair Darling's pre-budget report as the largest ever borrowing by a British government and leaving a tax bombshell timed to explode as the economy recovers.

He proclaimed that "prudence is dead", and said PM Gordon Brown's claims to have abolished boom and bust were ludicrous. He said the measures were motivated by politics, not economics.

He described Darling's claim that the recession was America's fault as nonsense and that the government had mistaken a boom as stability.

On the VAT cut he said Germany and France have ruled out a similar move and many retailers, already selling stock at 25 per cent off, were not impressed either.

In response, Darling damned Osborne for failing to provide any actual proposals in place of the government's.

For an IT angle we turn to retail system provider Coda, which warned that its customers were unprepared for such a change. Coda said the changes risked sparking problems in retailers' IT systems, the time and cost associated with changing price tags (assuming they wish to pass on the cuts), setting a round number price point and handling customer refunds.

David Turner, Group Marketing Director at Coda, said: "They usually have months to prepare for this kind of thing and test the associated systems, but introducing it at this time of year will cause a huge amount of confusion. Retailers generally 'lock-down' their systems in the run up to Christmas, to avoid the risk of IT failures in their busiest trading period.

"Although the VAT changes are simple enough to make within the accounting system, there are other complications... Retailers in very seasonal areas like shoes told us they may have to wait until the next season's stock comes in, early next year, before changing prices at all." ®

Security for virtualized datacentres

More from The Register

next story
The 'fun-nification' of computer education – good idea?
Compulsory code schools, luvvies love it, but what about Maths and Physics?
Facebook, Apple: LADIES! Why not FREEZE your EGGS? It's on the company!
No biological clockwatching when you work in Silicon Valley
Happiness economics is bollocks. Oh, UK.gov just adopted it? Er ...
Opportunity doesn't knock; it costs us instead
Ex-US Navy fighter pilot MIT prof: Drones beat humans - I should know
'Missy' Cummings on UAVs, smartcars and dying from boredom
Yes, yes, Steve Jobs. Look what I'VE done for you lately – Tim Cook
New iPhone biz baron points to Apple's (his) greatest successes
Lords take revenge on REVENGE PORN publishers
Jilted Johns and Jennies with busy fingers face two years inside
Sysadmin with EBOLA? Gartner's issued advice to debug your biz
Start hoarding cleaning supplies, analyst firm says, and assume your team will scatter
Doctor Who's Flatline: Cool monsters, yes, but utterly limp subplots
We know what the Doctor does, stop going on about it already
prev story

Whitepapers

Forging a new future with identity relationship management
Learn about ForgeRock's next generation IRM platform and how it is designed to empower CEOS's and enterprises to engage with consumers.
Cloud and hybrid-cloud data protection for VMware
Learn how quick and easy it is to configure backups and perform restores for VMware environments.
Three 1TB solid state scorchers up for grabs
Big SSDs can be expensive but think big and think free because you could be the lucky winner of one of three 1TB Samsung SSD 840 EVO drives that we’re giving away worth over £300 apiece.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.