Cost of Living Crisis Hits Parliamentarians’ Pockets

The cost of living crisis is finally hitting parliamentarians where it hurts, after it was announced that there will be a catering service price hike across the estate from October 1st. A sign erected in PCH this morning explains that VAT will increase on food items from 5% to 12.5% “…¬†with the exception of milk, fruit and sandwiches”. The sign also warns that VAT will return to¬†20% from 1 April 2022. Won’t be long before the electricity starts cutting off…

mdi-timer 23 September 2021 @ 10:57 23 Sep 2021 @ 10:57 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments
Emily Thornberry Thinks You Pay VAT on Milk

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…

mdi-timer 24 April 2017 @ 10:42 24 Apr 2017 @ 10:42 mdi-twitter mdi-facebook mdi-whatsapp mdi-telegram mdi-linkedin mdi-email mdi-comment View Comments