When I first heard about the proposed VAT increase on some
sports nutrition products I was genuinely appalled , 5 months on and sadly all
attempts to fight this change have failed. This is going to happen and it will
affect every individual in our marketplace at every level, we all need to [excuse
the pun] muscle this one out!!
Below are some reason why this insanity is wrong.
1. The bodybuilding market is growing year on
year, so why punish a market that is still in its development cycle?
2. This year has seen the summer of sport do wonders for our nation and this can act as a catalyst for righting so many wrongs that have crept into our culture. One of these being the increase of obesity and an unhealthy lifestyle. So again I ask, why is there going to be a VAT increase on a key industry that’s encouraging physical fitness which can massively bring down costs for the NHS and improve a nation as a whole?
3. Regular gym users see nutritional supplements as
a fundamental part of their lifestyle, surely we should be encouraging people
to spend their money on healthy products rather than cheap junk.
4. With high under 25 unemployment and a national
debt that needs two generations to pay it off we should be encouraging youngsters
to get out the house and get active, instead of making a healthy lifestyle even
more expensive.
Sorry to reiterate one of my points again, but I CANNOT
understand the timing of this VAT increase.
Why not delay it a year so that the industry can brace
itself, and the government can see what effect this Summer of Sport has had on
our national as a whole.
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