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Old 13-05-2010, 15:33   #268
danielf
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Re: [Update] The Liberal-Conservative Coalition

Quote:
Originally Posted by Hom3r View Post
So any news on the 2.5% VAT hike (will become 20%) the news was talking about this morning?
Expected later this year, along with a 1% increase in employee's NIC. The increased NIC is needed to pay for the increased income tax threshold.

In the mean time, Cabinet members take a 5% pay cut and have their salaries frozen for 5 years.
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