How to Avoid the VAT Hike

There are many ways the government could have avoided hiking VAT and stuck to their pre-election plans. They could have cut spending a further 2% rather than the mere 3.3% they are planning to shave off spending. The best solution to unfunded over-spending is to reduce spending, not raise taxes. The UK’s gross contribution to the EU budget exceeds the expected income from the VAT hike…

Both the LibDems and the Tories knew how bad the deficit was before the election and yet both said they had no plans to raise VAT, yet it was raised in the first budget. So what changed?




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Quote of the Day

Dominic Raab wrote in his letter of resignation…

“This is, at its heart, a matter of public trust,” he told the PM, concluding: “I cannot reconcile the terms of the proposed deal with the promises we made to the country in our manifesto at the last election… I believe that the regulatory regime proposed for Northern Ireland presents a very real threat to the integrity of the United Kingdom. I cannot support an indefinite backstop arrangement, where the EU holds a veto over our ability to exit…”

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