...on just about everything! 

http://news.bbc.co.uk/1/hi/business/7759288.stm

The UK chancellor has decided to cut VAT by 2.5%, so the majority of consumer items should be slightly cheaper from today.  The cut is going to last for a year, in order to boost spending and therefore the health of the economy.

Its great, but the risk is that many stores are unlikely to pass on the savings to us and pocket the extra profit margin themselves.  Plus after the year is up, the government are only going to have to increase tax further to pay for stuff they couldn't afford in 2009.

Either way this economy isn't going to get a quick fix anytime soon.  It doesn't make any sense to me that in order to improve things, the public need to spend more on useless junk.  We can't afford more junk at the moment.  If the measure of how healthy our country is, is based on how much profit big businesses make - we're screwed.