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Sunday, August 09, 2009

Tories Study Plans for 20pc VAT

The proposal – likely to raise up to £10 billion a year – is being “very actively considered” at the highest level, according to senior shadow ministerial sources.

It could be introduced within weeks of a Tory victory at the next election, which must be held by June, in a package that is also likely to include severe cuts to public spending.

A shadow ministerial source said: “Tax rises will have to be part of the equation. It will be time for some strong medicine.”

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You gullable sheeple!!

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