Wednesday, September 28, 2011
When will they ever learn?
It is nothing short of outrageous that, in forcing up energy prices to pander to their green obsession, the government then benefits to the tune of £200 million in increased VAT. But, in calling for a reduction in VAT from five to four percent, you really think former MP Mark Todd would know better, even if it is too much to expect the Failygraph not to print his tosh.
Under VAT rules, member states cannot reduce VAT levels on fuel below five percent without the unanimous approval of all 27 member states. We've been through this VAT issue before, many times. What does it take for these people to wake up to the reality that we are no longer masters in our own house?