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SEB Predicts Halved Food VAT Could Lower Prices and Inflation
2 MIN READ
The halving of the food VAT that is expected in the autumn budget can have a major impact on food prices in the stores and push down inflation, according to the economists of the major bank SEB. They expect that food prices can fall by more than 5 percent if the VAT on food is reduced from 12 to 6 percent
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