- Prison Planet.com - http://www.prisonplanet.com -
‘VAT set to hit 20% next year’ as Cameron backtracks on NI rise and hikes capital gains
Posted By admin On May 13, 2010 @ 4:00 am In Money Watch | Comments Disabled
UK Daily Mail 
May 13, 2010
VAT will hit 20 per cent next year under the new coalition government according to a survey of leading economists.
As the Tories were forced into a series of backtracks to seal a coalition with the Liberal Democrats, 24 out of 29 economists used by the Treasury expect the rate to rise in the new Parliament.
Most of those questioned predicted the tax would increase from its current 17.5 per cent to 20 per cent before the end of 2011.
Before the General Election, both the Conservatives and the Liberal Democrats said they had no plans to raise VAT. But both parties refused to rule out tax rises.
Article printed from Prison Planet.com: http://www.prisonplanet.com
URL to article: http://www.prisonplanet.com/vat-set-to-hit-20-next-year-as-cameron-backtracks-on-ni-rise-and-hikes-capital-gains.html
URLs in this post:
 UK Daily Mail: http://www.dailymail.co.uk/news/article-1278006/Cameron-backtracks-NI-rise-middle-classes-face-savage-capital-gains-tax-rises.html
 Image: http://www.homegain.com/housead/homes_for_sale/index?entryid=11502
 As Food Stamp Recipients Hit New Record, 400 Americans Account For 10% Of Capital Gains: http://www.prisonplanet.com/as-food-stamp-recipients-hit-new-record-400-americans-account-for-10-of-capital-gains.html
 UK Election Eve: Don’t Believe The Conservative Hype, We’re Still Headed For A Hung Parliament Debacle: http://www.prisonplanet.com/uk-election-eve-dont-believe-the-conservative-hype-were-still-headed-for-a-hung-parliament-debacle.html
 FTSE 100 plunges amid Eurozone fears and unrest in Egypt as oil prices rise to year-long high: http://www.prisonplanet.com/ftse-100-plunges-amid-eurozone-fears-and-unrest-in-egypt-as-oil-prices-rise-to-year-long-high.html
 Harman declares war on middle classes with plans for higher council and capital gains tax: http://www.prisonplanet.com/harman-declares-war-on-middle-classes-with-plans-for-higher-council-and-capital-gains-tax.html
 Global cancer cases rise 20 per cent in a decade to hit 12million a year: http://www.prisonplanet.com/global-cancer-cases-rise-20-per-cent-in-a-decade-to-hit-12million-a-year.html
Copyright © 2013 PrisonPlanet.com. All rights reserved.