Simple answer to the original question is yes.. this will harm the economy and also harm small business.. Cameron's comments on the run up to the election?.. " Let us be in no doubt that any rise in VAT will affect the poorest in our society" ...
... we have become the highest taxed nation in the G8..have borrowed and spent the most in the history of this country.. along with paying the highest gas, electric, and petrol prices in the western world.. all in the space of eight months!