VAT rate goes down, but gym fees rise

Just a few weeks ago, I was jumping with joy on the news that Esporta was passing the VAT reduction (UK sales tax reduces from 17.5% to 15%) on to members. It represented a £2 per month saving which just about buys a good cappuccino.

Shock, horror and disbelief to discover that a health and tennis membership has now risen in January from £81 to £82 per month. If revenues at Costa Coffee now decline you know who to blame.