Tories opt for the regressive tax rises

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Ken Clarke hints at Tory tax rises | Politics | .

Taxes could rise if the Conservatives win this year's election, the shadow business secretary, Ken Clarke, admitted today.

The former chancellor said tax increases maybe necessary to get Britain out of recession, and he hinted at a possible rise in VAT to 20% under the Tories.

VAT is one of the more regressive taxes we have - charging a higher proportion on poorer people than the best off.

So that's the Tories' preferred option for a tax increase.

How entirely predictable.