Tories: defer VAT for 6-months

19 Oct

Pah!

Talk about cheap populism?

I suppose it does sound good on paper. A lot of businesses rely on short-term credit to achieve their payroll commitments – the modern economy is built on such casual lending. But ultimately businesses will have to begin repaying the missed VAT payments in 6-months. Do we really think this situation is going to be that much better when we’re deep in a global recession?

It would be better that the government impose that banks – many of which we’re about to buy into – continue to grease the wheels of the ‘real economy’. The tax-payer’s stake in the banking system should be worth something.

David Cameron has to try something. Brown’s stock is rising and the impossible now looks probable – that Brown could well launch a significant fightback.

What really pisses off Tories is that Labour propaganda, with regard to the economy, has worked. Brown enjoyed huge kudos during the financial boom – when credit was dirt-cheap, and to be fair he didn’t have to do a great deal. And yet now, when the economy is fucked, he’s still gaining points!

Tories can’t quite get over the fact he’s winning both ways. I’m not saying it’s fair, but I am saying it’s piss-funny.

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4 Responses to “Tories: defer VAT for 6-months”

  1. scott@wortley7886.freeserve.co.uk October 19, 2008 at 4:28 pm #

    As an EU tax (based on directive EC 77/388 for the UK originally) is this proposal permissible under EU law?

  2. scott@wortley7886.freeserve.co.uk October 19, 2008 at 4:28 pm #

    As an EU tax (based on directive EC 77/388 for the UK originally) is this proposal permissible under EU law?

  3. aaronsheath@gmail.com October 19, 2008 at 6:25 pm #

    I have no idea. I’m pretty sure Cameron would enjoy railing against Europe, though. Vacuous shit that he is.

  4. aaronsheath@gmail.com October 19, 2008 at 6:25 pm #

    I have no idea. I’m pretty sure Cameron would enjoy railing against Europe, though. Vacuous shit that he is.

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