VAT: Progressive or Regressive?

In his emergency Budget in June 2010, George Osborne, the Chancellor, announced an increase in VAT from 17.5% to 20.0% to take place from the beginning of 2011. When this came into place this year, Osborne, in an interview with the Today programme on radio on 4th January 2011, said: “If you look at the population and how much they … Continue reading

Posted by Nigel Tree | Comments Off on VAT: Progressive or Regressive?