The current wave of panic (short of a swine flu pandemic…), is that we are about to be hit by a 2.5% increase in VAT and the doom-and-gloom merchants (that’s the mainstream media to you), are out in force pressing home how much the VAT rise will cause the poor to lose. The Telegraph, quick out of the blocks reckon £158 extra a year (£14 rounded up a month) and they set off the scaremongering with the fact that people will cut back on their food to subsidize their luxury goods (broadband, sky, mobile phones etc). I think there is something wrong with society that they will think about a shiny iPhone contract ahead of the food on their child’s plate. I looked at my shopping bill for last week and the week before, the VAT I paid for a
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