Would you like to see a cut in VAT?

[paul]

I see Ed Balls is pushing for a cut in the rate of VAT today, as part of a 5 point plan to kickstart the UK economy.

Frankly, I don't care whether it's 15%, 17.5% or 20%... but what I would like to see is it remain fixed. It is a complete pain the backside to have the rate repeatedly change. Anyone with me on this?
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[adigaskell]

They should have a flat rate of income tax as well. Would make things significantly easier.
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[martynh]

20% isn't out of line with Europe
I'd keep it as it is until we're out of this mess

I also can't believe Labour and showing their reckless tendencies
Every time they're kicked out of Government we are in a financial mess through overspending
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[pipeten]

Paul is so right. It doesn't matter what it is, it should remain fixed.

The changes they've made are not significant enough to change consumer spending patterns.

Personally I like 20% because it is easier to calculate than when it was 17.5%.