Vat

Wales written question – answered on 4th July 2012.

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Photo of Owen Smith Owen Smith Shadow Secretary of State for Wales

To ask the Secretary of State for Wales what assessment she has made of the effect on the Welsh economy of the increase in the standard rate of VAT.

Photo of Dame Cheryl Gillan Dame Cheryl Gillan The Secretary of State for Wales

The increase in the standard rate of VAT was an important element in the deficit reduction strategy. No assessment of the effects of this increase have been made at a sub-national level.

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