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Originally Posted by Hom3r
So any news on the 2.5% VAT hike (will become 20%) the news was talking about this morning?
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Quote:
Originally Posted by Hom3r
So if this does happen, all those who voted for the current govenment CANNOT complain about it.
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Do you seriously think that if Labour had somehow remained in power, VAT would have stayed at 17.5%, given the massive deficit we have?
No party specifically ruled out a VAT increase in their manifesto.
BBC Newsnight - Paul Mason: Labour Manifesto: VAT rise left open
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Since no party has ruled out raising VAT, and since VAT is the only way to raise extra tax if you rule out raising income tax (and corporation tax take remains depressed because of low growth and business flight), I think it is fair to read these signals as a sign that a VAT rise is a distinct possibility under any of the three main parties.
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I don't like the idea of VAT going up to 20%, but I think it is naive to believe that the rise would not have happened under Labour either. They need to find money somewhere...
---------- Post added at 20:19 ---------- Previous post was at 20:16 ----------
Quote:
Originally Posted by TheNorm
Anyway, what are your thoughts on the selling of most of the UKs gold reserves?
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At least Gordon didn't use "Cash4Gold"
