Hard-pressed British consumers will be forced to pay in an extra £13 billion as a result of the Value Added Tax (VAT) increase — an amount which barely covers the ConDem regime’s £12.1 billion foreign aid budget.

Tory chancellor George Osborne has claimed that the VAT increase is an attempt to pay off the £149 billion government deficit.

This is an obvious lie, because if Mr Osborne and his ConDem colleagues were in any way serious about bringing down the deficit, they would cut expenditure on items which serve no British interests, with foreign aid being high on that list.

Instead, foreign aid is “ring fenced” and actually increased, along with other outrageous wastes such as billions spent on subsidising the European Union, untold billions spent propping up the immigration and asylum racket and even more billions pumped into illegal and immoral foreign wars.

Raising the VAT level will also hamper economic growth in Britain, a fact which has been confirmed by a number of British business organisations.
Continued... HERE

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