"only 11.4 per cent reported that the VAT cut had benefited their businesses; 76.6 per cent said that it had had no impact; and 12.1 per cent put it down as a burden."Another storming economic policy success for Gordon Brown and Alistair Darling, the most incompetent PM and Chancellor since Callaghan and Healey. In fact that is a little unfair on James Callaghan and Denis Healey as neither of them claimed to be economic geniuses who had "abolished boom and bust".
Thursday 4 June 2009
The VAT rate cut
I have just read the British Chambers of Commerce's latest monthly business survey, which took in 430 firms of varying sizes across the country. They report that
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