Tuesday, November 25, 2008

Economic News in the UK

On the economic side we have some good news if you want to be conned, in this case its the new policy by Labour Government to cut VAT, Value Added Tax from its present 17.5% to 15%. The catch is that it will go back up after a year. Have to admit sat down to watch the Chancellor of the Exchequer but he was so boring fell asleep. Its a con, its being done as way to allow Labour to have some good news before calling a General Election. If Labour really wanted to help people it would have cut income tax, all the policies are pandering, make the left happy, what my concern is the future of the UK Economy. WELCOME BACK TO THE 1979 AND THE WINTER OF DISCONTENT FOLKS.

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