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| Richmond King Size Faux Leather Bed £399.99 |
The market for leather beds is highly competitive. This competitiveness has been exacerbated by the VAT rise that came into force on 4th January. So far few bed retailers have upped their prices to take account of the rise.
The problem is especially difficult when with price points such as £199.99, £299.99 and £399.99. Passing on the 2.13% increase would for example see the retail price rise to a nonsensical £408.50.
The leather bed shown above is a Time Living Richmond 5ft kingsize faux leather bed. It is a Chesterfield sleigh leather bed. The price is still £399.99 including the VAT increase.
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