Labour secretly drew up plans to increase VAT to 18.5 per cent after the next election, official documents revealed last night.
A Treasury paper suggested that the flagship cut in sales tax to 15 per cent - announced in Monday's Pre-Budget Report - would not only be reversed in 2010, but hiked above its current rate of 17.5 per cent.
The disclosure came as experts warned that middle-income families would be hit by other sweeping tax changes, despite the Treasury's claims.
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