Emily Thornberry was on LBC over the weekend talking about the impact of VAT on people on middle incomes. An important issue, though it was illustrated by Thornberry with a rather odd example:
“Things like VAT are things that people on average incomes are hardest hit – we all have to buy milk.”
Milk is zero-rated. No one pays VAT on milk. This is a more embarrassing mistake than not knowing the price of a pinta…
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