Institute of Wellbeing :: Do you support Osborne's permanent VAT rise?

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Rachana Total Posts: Joined: Nov 2010	The increase in VAT to 20 per cent will not be reversed, George Osborne said last night. The Chancellor dashed hopes that the looming increase from 17.5 to 20 per cent was a temporary measure, insisting it was a ‘structural’ change to the tax system. 'The VAT rise is not temporary,’ he said. ‘It can’t be. We are talking about a totally different scale of revenue and the VAT rise is a structural change to the tax system to deal with a structural deficit.’ Visithttp://www.dailymail.co.uk/news/article-1339010/VAT-rise-stay-says-... Do you think this is a move that will make life harder for the less wealthy? Will the VAT rise be able to rebuild the battered public finances?Do you agree that raising VAT is the “least worst” option? Posted on December 16, 2010 at 1:07 PM
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Do you support Osborne's permanent VAT rise?

Rachana

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Joined: Nov 2010

The increase in VAT to 20 per cent will not be reversed, George Osborne said last night.
The Chancellor dashed hopes that the looming increase from 17.5 to 20 per cent was a temporary measure, insisting it was a ‘structural’ change to the tax system.
'The VAT rise is not temporary,’ he said. ‘It can’t be. We are talking about a totally different scale of revenue and the VAT rise is a structural change to the tax system to deal with a structural deficit.’ Visithttp://www.dailymail.co.uk/news/article-1339010/VAT-rise-stay-says-...
Do you think this is a move that will make life harder for the less wealthy? Will the VAT rise be able to rebuild the battered public finances?Do you agree that raising VAT is the “least worst” option?

Posted on December 16, 2010 at 1:07 PM

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