Labour’s VAT Bombshell Blows Up in Their Face mdi-fullscreen

Another day and another Labour attack on Clegg. This time they are linking the Deputy Prime Minister to the VAT rise. Only one small problem: almost all of the products they have featured to explain how “they have put £450 extra VAT on your shopping bill” are charged VAT at a rate of 0%. As the taxman says “most food of a kind used for human consumption is zero-rated”. If your shopping bill has gone up it’s not because of tax on fruit and veg. Chalk that up as another attack success. 

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mdi-timer May 9 2014 @ 09:05 mdi-share-variant mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-printer
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