Spanish shoppers sick as VAT hike hits pockets

  • 12 years ago
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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http://www.euronews.net/

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