I listened to George Osborne being interviewed about the rise in VAT on Radio 4 the other day, he used the words fair or fairer a lot, not words that i would use about a rise that will hit poor families the hardest!
The Institute of Fiscal Studies reckons that the VAT rise will lop 1% off the after-tax incomes of the richest 10% and 2.25% of those of the poorest 10%, hardly fair!
A fairer alternative would be to tax land owners and increase the bank levy, but of course that would be hurting their own!
Showing posts with label George Osborne. Show all posts
Showing posts with label George Osborne. Show all posts
Tuesday, 18 January 2011
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