Quote:
Originally Posted by Paul
VAT is only 5%, so cutting it isnt going to make a huge difference.
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It will make a huge difference to the Govt. 5% of a £1000 bill is £50, 5% of a £2000 bill is £100. Potentially an extra £50 off 28million households. =£1.4 billion extra tax. Nice. Plus of course the NI increases and freezing personal tax allowances. As long as they spend it wisely like good socialists..
(Didn't they promise to get rid of VAT on fuel as part of leaving the EU ? Yet another lie...)