Daily Archives: Tuesday 25 November 2008

Thanks Alistair

Speculation about Alistair Darling’s pre-budget decrease in VAT had us all on tenterhooks yesterday morning. However, much to our surprise (no leaks in this direction) he partnered the 2.5% decrease in VAT with an 8% increase in the rate of excise duty on wine. The effect of this rise is to more than offset the decrease [...]

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