Re: Gordon Brown annouces tax rises
Originally Posted by David Lindon
Gordon Brown has just announced his new stealth tax by added a new income tax bracket of 45% for those earning > 150,000
This has been hidden by the announcement of the reduction of VAT from 17.5% to 15% - but stores do not necessarily have to pass this on to consumers. So are we likely to see any fall in prices? I don't think so. Fuel, alcohol and cigarrets have had their duty increased so as to not benefit from the fall in VAT.
Its not really a stealth tax, everyone knew that it was gonna happen the same time as they announced the VAT decrease
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