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Thread: Tories study plans for 20pc VAT

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    Tories study plans for 20pc VAT

    The Conservatives are studying plans to increase VAT to 20 per cent if they win power at the next election as part of an “emergency” package to pull Britain out of the red.

    The proposal – likely to raise up to £10 billion a year – is being “very actively considered” at the highest level, according to senior shadow ministerial sources.

    It could be introduced within weeks of a Tory victory at the next election, which must be held by June, in a package that is also likely to include severe cuts to public spending.

    David Cameron, the Tory leader, and George Osborne, the shadow chancellor, are understood to have reluctantly concluded that the state of the public finances they are likely to inherit will mean that simply cutting spending by tens of billions of pounds will not be enough.

    A shadow ministerial source said: “Tax rises will have to be part of the equation. It will be time for some strong medicine.”

    By moving quickly to increase VAT after the election, senior Conservatives believe they will be able to pin the blame for the state of the public finances on Gordon Brown and his outgoing Labour government
    Tories study plans for 20% VAT - Telegraph

    Brits. Would you support 20% VAT rise? And tax rises?
    Last edited by Laila; 08-09-09 at 07:43 PM.


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    Re: Tories study plans for 20pc VAT

    Quote Originally Posted by Laila View Post
    Tories study plans for 20% VAT - Telegraph

    Brits. Would you support 20% VAT rise? And tax rises?
    I just dont understand the logic. We are the state. In order to pull the state out of the red, you need to pull us out of the red, when the state is already struggling with its finances, how would an increase of the price of consumer goods pull the state out of the trouble zone? It wont work. The conservatives intend to pay off the debts at the cost of the people. Sustainability, and cutting costs, is key. When things really start to improve, which they will along with the world markets, then they can think about increasing taxes to cover the debts faster. I dont like this plan at all.
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    Re: Tories study plans for 20pc VAT

    I don't understand all this talk.
    Like a different language to me seriously

    I'm going to pay high taxes whoever forms the next Govt.
    I'm over it tbh


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    Re: Tories study plans for 20pc VAT

    Quote Originally Posted by Laila View Post
    I don't understand all this talk.
    Like a different language to me seriously
    Wtf has happened to Wessexman? Any ideas?
    "If religious instruction were not allowed until the child had attained the age of reason, we would be living in quite a different world" - Christopher Hitchens
    > Good to be back, but I'm only visiting for a few weeks. <

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    Re: Tories study plans for 20pc VAT

    Quote Originally Posted by Laila View Post
    I don't understand all this talk.
    Like a different language to me seriously

    I'm going to pay high taxes whoever forms the next Govt.
    I'm over it tbh
    It sounds like Labour is conservative and Conservatives are Labour. Does the UK have ANY party that proposes cutting spending? Even if it's say... some minor city beautification program?

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    Re: Tories study plans for 20pc VAT

    Quote Originally Posted by DarkWizard12 View Post
    It sounds like Labour is conservative and Conservatives are Labour. Does the UK have ANY party that proposes cutting spending? Even if it's say... some minor city beautification program?
    Conservatives aren't going to cut spending?

    David Cameron, the Tory leader, and George Osborne, the shadow chancellor, are understood to have reluctantly concluded that the state of the public finances they are likely to inherit will mean that simply cutting spending by tens of billions of pounds will not be enough.
    David Cameron plans to cut spending - Telegraph

    But even they will raise taxes


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    Re: Tories study plans for 20pc VAT

    Quote Originally Posted by kaya'08 View Post
    Wtf has happened to Wessexman? Any ideas?
    Nope, maybe he is on holiday *shrugs*


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    Re: Tories study plans for 20pc VAT

    Quote Originally Posted by Laila View Post
    Conservatives aren't going to cut spending?



    David Cameron plans to cut spending - Telegraph
    Then they shouldn't have to need to raise taxes. For a conservative party, how can they even consider that? It reduces personal wealth at a time they can't afford to do that. While cutting spending may piss off the liberals, raising taxes is going to piss off everyone! I doubt Cameron will last one term if he does this.
    Last edited by DarkWizard12; 08-09-09 at 08:44 PM.

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    Re: Tories study plans for 20pc VAT

    Quote Originally Posted by DarkWizard12 View Post
    Then they shouldn't have to need to raise taxes. For a conservative party, how can they even consider that? It reduces personal wealth at a time they can't afford to do that
    While cutting spending may piss off the liberals, raising taxes is going to piss off everyone! I doubt Cameron will last one term if he does this.
    Don't look at me like i am supposed to know lol
    I have no idea what Conservatives think half the time.
    They are not the same party Thatcher left behind.

    Perhaps large cuts and high taxes will get UK out of the red faster?
    A few years of high taxes i could maybe handle but it just shows me conservatives are just the same as labour who would have also raised my taxes

    I dunno ..
    We've pretty much accepted large cuts are needed
    Whether high taxes are needed on top of it is a call for the Government in power ...
    Last edited by Laila; 08-09-09 at 08:48 PM.


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    Re: Tories study plans for 20pc VAT

    Quote Originally Posted by Laila View Post
    Don't look at me like i am supposed to know lol
    I have no idea what Conservatives think half the time.
    They are not the same party Thatcher left behind.

    Perhaps large cuts and high taxes will get UK out of the red faster?
    A few years of high taxes i could maybe handle but it just shows me conservatives are just the same as labour who would have also raised my taxes
    Well, at least you got the lib-dems. Don't they have a chance at winning?

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