Wednesday, June 23, 2010

VAT traps every coin

Via George Eaton, a reminder that it’s not just the Lib Dems who’ve been utterly shameless on the VAT rise:


I’m reminded of an anagram I came up with many years ago, when I was a nerdy teenager and the Tories had just extended VAT to domestic heating, a couple of years after raising the rate from 15% to 17.5%:

CONSERVATIVE PARTY = VAT TRAPS EVERY COIN

(Those of you who are confident that Alistair Darling was quietly planning a VAT rise as well can now claim for the hypocrisy triple.)

1 comment:

Paulie said...

Did you listen to Tim Harford on his 'More or Less' programme - he demonstrated that VAT isn't quite as regressive as people think it is.