April 12, 201016 yr ...BTW did you notice Greek VAT up from 19% to 21%? UK VAT to 20% within months - that's now a cert! Even VAT on food being contemplated. Who's going to be the first to use the phrase The Decade of Discontent?Well there you have it in Labour's Manifesto just out: A promise not to increase Income Tax; and a promise not to increase the extent of VAT; but no promise not to increase the rate of VAT.It's the only way "squaring the circle" of starting to pay off Gordo's public spending binge is now possible. Even the LDs won't give a commitment not to raise it - so none of the major parties even wants to discuss it before the election.
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