Ed Balls calls for £13billion VAT cut – Daily Telegraph
Here we go again, Ed Balls calls for £13billion VAT cut – Telegraph. and all the press is about how Labour is re-positioning itself as a player in the economic war of words. Mr Balls also took a sideways swipe at the IMF, which recently endorsed the coalition government’s strategy for reducing the UK deficit.
Small businesses could tell the shadow chancellor that changing VAT rates is a burden they can do without right now, especially considering the rate has already been up and down too many time in recent years.
If the FSB is right and small businesses are the backbone of the UK economy then surely politicians need to be more mindful of the input needed from the sector they are expecting to lead the economic recovery.
