Quote:
Originally Posted by Ken Moss
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.
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The reason there is not wholesale attack on the Banks is in your own argument Ken a double dip recession, the problems was the lifting of bank restrictions by Gordon and his chums, the decision on bank levies will have been taken under consultation with the Bank of England