Yesterday we told you how the Budget for 2012 would affect you, from alcohol to cigarettes and petrol everything is going to start costing us more. And as of today that includes some of our best loved hot foods too.
Changes to the Budget by the Chancellor George Osbourne mean big changes to the fairly-bad-for-us foods we love the most with the announcement that hot food brought from bakeries and supermarkets will now have a 20% VAT whacked on top of their retail price to match up to VAT already paid on other types of takeaway foods.
The ‘take away tax’ as it’s now been dubbed means a Greggs sausage roll will be 18p more expensive bringing the price up to £1.08 while a hot rotisserie chicken at a supermarket will now cost £1 more bringing the price of each chicken to roughly £6. The changes have been made with the hope that the extra price we’ll be paying on such foods will raise an extra £125million in 2012 and £350million a year by 2016.
What do you think of the changes? Did you even realise we paid a tax on takeaway foods? Let us know over on Twitter.