Tories refuse to rule out VAT increase
As well as hitting the poorest through a freeze on working-age benefits, the Tories may also be planning to hit them again with a hike in VAT.
As well as hitting the poorest through a freeze on working-age benefits, the Tories may also be planning to hit them again with a hike in VAT.
The coalition’s deficit reduction plan has increased the overall tax burden on the poor, says new study.
The least well off households pay 36.6 per cent of their income in tax compared to 35.5 per cent paid by the wealthiest.
Ed Jacobs reports on the latest developments from Ireland over the budget brought on by the eurozone crisis.
Left Foot Forward’s Shelly Asquith reports from London Mayoral candidate Ken Livingstone’s speech to the Labour Party conference.
Memo to Vince Cable: lack of credit demand, not supply holds back UK economy: time for a cut in VAT and increase in quantitative easing
James Plunkett, secretary to the Resolution Foundation’s Commission on Living Standards, writes of the need for a debate on the role of VAT in the tax system.
Nicola Smith takes the Treasury and the coalition government to task for tax changes that will hurt working families.
Ed Balls has warned that George Osborne may be “making the same mistakes” as Thatcher “all over again”, and that he’s got just two weeks “to come up with a plan B for the Budget”.
Next time you see Nick Clegg or Tim Farron emoting about the Lib Dems’ concern for the poorest, remember: the priority for them is income tax cuts, write Tim Horton & Howard Reed.