Storbanken: Lower Food Vat Could Have a Big Impact

Expressen

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Food VAT will be halved from April 1. The government proposes this. It is a temporary reduction until the end of December 2027. “Food is too expensive for many families,” says Minister of Economic Affairs Ebba Busch (KD).

svt Nyheter

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The Minister of Finance wants to cut by 6 percent, SVT learns

Svenska Dagbladet

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The halving of food VAT expected in the autumn budget could have a major impact on food prices in stores and push down inflation, according to economists at major bank SEB. They expect that food prices could fall by more than 5 percent if the VAT on food is reduced from 12 to 6 percent.

Värmlands Folkblad

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Who doesn't want cheaper food? But before you cheer about promises of reduced food VAT, you should ask yourself who actually benefits the most from it? Because it's not you.

kt-kuriren.se

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In the budget negotiations, the Sweden Democrats have demanded a reduction in food VAT. The party wants to make it its signature reform – a concrete way to reduce everyday costs. Back in May, Jimmie Åkesson spoke of a “Sweden Democratic grocery bag” with basic goods (SVT 3/5). It is highly likely that the grocery bag will consist mostly of pork, in a double sense. After all, we are approaching an election year.