Finance Bill

Part of Developing Country Debt (Restriction of Recovery) – in the House of Commons at 12:45 pm on 6th May 2009.

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Photo of Tobias Ellwood Tobias Ellwood Shadow Minister (Culture, Media and Sport) 12:45 pm, 6th May 2009

The right hon. Lady will be aware that VAT is due to go back up to 17.5 per cent. on 31 December. I do not know what she will do on that evening, but many retail outlets and establishments will be open, so it is not a great time suddenly to change VAT levels from 15 per cent. to 17.5 per cent. For the benefit of our tourism and services industry, I plead with the Chief Secretary to move the date from 31 December to, say, 3 January, which is a Sunday.

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Andrew Pearce
Posted on 7 May 2009 9:00 pm (Report this annotation)

Well said and highlights the lack of intelligent thought this government puts into all matters. Why not leave the rate at 15% for the forseeable future - after all, labouring under an unsustainable tax burden is a major cause of reducing consumer confidence. Taxing consumer goods hits society's most needy far more than the affluent and surely one would expect a Labour government to stand opposed to that?