VAT reduction offsets furniture price increases
99% of cabinet furniture supplied by retailers in the UK is either manufactured abroad or made in the UK from imported supplies of timber. The current fall in value of the Pound against other major world currencies means the cost of purchasing the furniture and timber has risen by between 20-40%.
Manufacturers have been forced to pass on these increases to retailers. This makes it inevitable that retail prices will have to rise by similar amounts – that is 20-40%.
Right Price Furniture welcomes the 2.5% reduction in VAT as this will help us to reduce the effect of such price increases. Our high volume/low margin business operation means we will continue to offer our customers furniture at significantly below high street prices.
At Right Price Furniture we will use the 2.5% VAT reduction to reduce the price increases by 2.5%. Rest assured we will always supply you furniture for the lowest prices in the UK. Should you ever find lower prices elsewhere, please contact us and we will do our best to beat those prices.
Should you find cheaper prices elsewhere please see our
Furniture Price Beater