In message , Paul Harris
writes

VAT is only one aspect, we have a large public sector debt and are
still borrowing, that has to stop and over time the debt must be
reduced. It is probably going to hurt although who and where isn't
clear yet but the chances are most if not all of us will feel it.
There is still a chance of inflation rising and the Bank won't want to
raise interest rates but we could have stagflation. It certainly won't
be an easy ride for the next Government whoever is in power and VAT at
17.5% may be the least of our concerns.

The CPI means that my Company Pension will increase by 2.9% in Apriol,
compared with less than 1% last year. Whoopee!

VAT is the least of my worries. I tend to buy against the trend.
The next election is between a bumbling, unattractive bloke who is
tackling the economic problems reasonably well, and a clean cut Eton
Toff who hasn't a clue what to do other than help his chums by reducing
Inheritance Tax. That affects me nearly as much as the VAT rise.
;-)

Everyone I speak to seems to agree that Vince Cable is the only Party
spokesman who talks much sense.

Now to serious matters. The gym didn't reduce my monthly fee when VAT
was reduced, but I received a letter describing all their new facilities
and sneaking in a reference to the impending VAT increase.
We'll see.
--
Gordon H
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