simesb

Most of the cost of this is in business spending, not consumer spending. As pointed out, the difference to the price of consumer goods is fairly minimal, but the difference in business-to-business transactions will be huge and irrelevant (input/output all accounted for separately and reclaimed or paid to HMRC as appropriate)

It annoys me that it is being presented as "more money in your pocket." It's not - I will have exactly the same in my pocket, but goods will be very slightly cheaper.