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

Stephen Bush writing in the New Statesman‘s morning briefing…

“The terrifying truth is that the Opposition is too divided – within the parliamentary party, within the trades unions, within the Shadow Cabinet and even within the leader’s office – to be anything other than a veto player as far as Brexit goes, and the party’s whole gambit is really about trying to make that weakness look like a strength. Keir Starmer saying that Labour is “increasingly likely” to vote down the deal is simply a reflection of the fact that the one thing the Labour party will be able to agree on as far as Brexit goes is that Theresa May’s deal is no good.”

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