Due to the move of the blog to Wordpress posts from Jan 2012 onward will have commenting disabled (when I remember to do it)
Cheers - AE

Sunday, 14 February 2010

Anyone shocked at this?

Shouldn't be much of a surprise that this was coming.
A rise in VAT is looming whichever party wins the general election, as Labour and the Conservatives draw up plans to balance Britain’s books.

Alistair Darling and George Osborne, the Shadow Chancellor, are both considering raising VAT to as high as 20 per cent — the European average — from the current rate of 17.5 per cent, The Times has learnt.

Doing so would raise an extra £13 billion a year at a time when financial markets are searching for signs that whoever takes power is serious about tackling Britain’s £178 billion deficit.
And a regressive tax hike that will raise less than 7.5% of the deficit shows that seriousness? Christ, is that enough even just to service the fucking debts? God forbid that either of them should go about by planning to spend less money.


1 comment:

The Filthy Engineer said...

I've just posted the same. Bugger you beat me to it.

Related Posts with Thumbnails