Quote:
Originally Posted by jaysay
The thing with VAT Ken is that everybody pays it and those more well off and spend more pay more.
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I fully understand the reasoning behind it and on paper it does make sense but in essence VAT has now gone up 5% in a year. I know that's figure-fiddling but it is sort of true. It also means that people will be more inclined to tighten their belts and warnings of a double-dip recession are not entirely without merit.
62 million people are now paying a heavy price for the greed of a few hundred bankers, where is the nasty levy on them? 8bn over 4 years between them?
Cheers Gideon, that'll show 'em.