Monday, November 24, 2008

We're Rich...

One of Wishbone's many portrayals, Robin Hood ...Image via WikipediaAs widely predicted by several sources over the weekend, Chancellor Alistair Darling announced this afternoon at 1530GMT that from Monday December 3 - VAT would be cut from 17.5 per cent to 15 per cent.

The cut will last for 13 months and will be the equivalent to the Government returning £12.5billion to UK taxpayers. I really don't understand the politics in this country, rarely does it seem that they are acting with the best interests of the country.

Listening whilst at work I felt the same as the politicians who jeered as the Chancellor detailed his pre-Budget plans. Also announced was that the tax rate for those earning more than £150,000 will increase to 45 percent. Just like Robin Hood it would have been more appropriate had he been dressed in a green outfit and attempting to fire arrows into a target and failing. Although the measures announced by Darling will inject £20billion I am concerned about the road ahead, more than ever!!

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