According to the Welsh Lib Dem leader, the increase in VAT is entirely down to a discovery that government debt is £12 billion worse than Labour had admitted. A 2.5% rise in Value Added Tax will bring in an estimated £13 billion from January which is a pretty neat bit of economic planning.
The reason that Wales did not figure in Mr Osborne's budget is because the coalition has only been in power for a few weeks and Labour had 13 years to put right any injustices in regional funding.
Update: For those with short memories (Lib Dems)
1 Comments:
It's "A necessary meas" according to Peter B Ark.
http://peterblack.blogspot.com/2010/06/necessary-meas.html
Post a Comment