Dismiss Notice
Welcome to Our Community
Wanting to join the rest of our members? Feel free to sign up today.

VAT 'to be cut in rescue package'

Discussion in 'General Discussions and Lounge' started by temi, Nov 24, 2008.

  1. temi

    temi Facilitator Webmaster

    Gordon Brown has refused to comment on reports the government will cut VAT by 2.5% as part of an emergency package aimed at kick-starting the economy.
    But the PM said "substantial" measures would be in the pre-Budget report on Monday to pump money into the economy.
    And he denied increasing borrowing to fund tax cuts was a "gamble", saying it was "responsible and necessary".
    Tory leader David Cameron has warned the government's plans will lead to a future "tax bombshell".
    Mr Brown refused to speculate on the contents of Chancellor Alistair Darling's statement on Monday, but he said there was a consensus around the world that any "fiscal stimulus" had to be "substantial to have an impact".

    full story

Featured Resources (View All)

Share This Page