New tax bombshell: 20% VAT

[AtW]

let us not forget, a public sector ponzi pension scheme that is totally unaffordable now, was totally unaffordable in the past, and will be totally unaffordable in the future.

bankrupt

[Platypus]

They are not lieing - they are just not telling the truth

Politicians call this 'dissembling' which is not such a harsh (or well known/understood) word as 'lie'

[TimberWolf]

I have a feeling most people don't realise how bad things are going to get soon. As in, we've had a nasty recession but Gordon saved us.

[centurian]

I have a feeling most people don't realise how bad things are going to get soon. As in, we've had a nasty recession but Gordon saved us.

Moved the real recession 12 months down the line

[Bagpuss]

Dropping VAT by 2.5% had little effect on the economy, as many thought, but cost a lot of money.

So logic would dictate that increasing VAT by 2.5% will again have little effect on the economy, but would raise a lot of money.

It sounds like a good idea to me

I'm not so sure, you are comparing a saving from the norm ( not always passed on) versus a substancial increase. Raising VAT by 2.5 points is a 14% increase in VAT, that's quite a hit considering most things we buy are subject to VAT. Prices will rise in a country where we are already ripped off.

[DiscoStu]

I think it's high time the UK had a moustache tax.

[OwlHoot]

.. His comments came as the latest indicators from the eurozone suggested that the economic recovery may be stalling. ..

It's like that scene in The Abyss, when the crane sinks in a storm and lands with a clank on the underwater base.

Everyone in the base starts cheering, only to fall silent when it starts moving again with ominous creaks, and they realize it is attached to the base by cables and is sliding towards the abyss ...

[AtW]

It's like that scene in The Abyss, when the crane sinks in a storm and lands with a clank on the underwater base.

Who's got the nuke?!?!

[OwlHoot]

Who's got the nuke?!?!

Not to worry, that's in safe hands - Gordon Brown's

[BolshieBastard]

******* great!

The bankers **** the economy good and proper, some of them are still going to be getting obscene 'bonus' payments and, we have to pick up the tab for sorting out the mess they created.

We should be taking more punative measures against the banks like the US and making them pay for the tulip they have served us.