Topical Questions

Part of Business, Innovation and Skills – in the House of Commons at 10:30 am on 8 July 2010.

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Photo of Vincent Cable Vincent Cable The Secretary of State for Business, Innovation and Skills 10:30, 8 July 2010

The Budget made it very clear that the value added tax increase is part of an overall process of reducing our enormous deficit, and it will lead to the strengthening of the British economy in due course. Those who criticise the VAT increase have to explain whether they are recommending that we make even deeper cuts in public spending instead.