What a cheek! Osborne asks if he didn’t increase VAT, what alternative is there to raising the £13bn for cutting the budget deficit – the usual Tory canard of TINA (there is no alternative). What nonsense – there are plenty of alternatives, all of them preferable to hiking VAT which will hit the poorest hardest and will […]
Posts Tagged ‘VAT rise’
Amidst lies and midwinter madness, the VAT bombshell strikes
Jan 4th, 2011 by Jon Lansman.Today, VAT rises from 17½% to 20%. Nick Clegg warned of a “Tory VAT Bombshell” back in April but then made it happen anyway. In the same month, David Cameron denied it, telling Jeremy Paxman “we have absolutely no plans to raise VAT.” As he’d said of VAT rises a year earlier: “it’s very regressive, […]
