There’s a good feature on Left Foot Forward on VAT – and the political cynicism behind Osborne’s move to make the increase permanent – which will just (again) make the tax system in the Uk yet more regressive and oppressive.
This is their graph on VAT rates since 1973:
It’s only ever gone up under the Tories.
Odd that, isn’t it?
And now the rate is the same is income tax.
No wonder the poor feel worse off.