Tuesday, September 4, 2012

Spanish shoppers sick as VAT hike hits pockets



Published on Sep 3, 2012 by
http://www.euronews.com/ Spanish shoppers face a sharp increase in the cost of living after the government slapped a three per cent rise on VAT.

Madrid is desperate to raise cash to slash 65 billion euros off the public deficit by 2014 and save the country from a full blown bail out.

The move will further squeeze consumers and small businesses.

The price hike has infuriated shoppers in Madrid:
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