On Fri, 29 Jan 2010 18:25:30 -0000, "Andy Pandy"
wrote:


"mick" wrote in message
...
The Conservatives said they were going to put this in their manifesto.
Does anyone think they will
do it, if they get in? personally i doubt it.The need for tax revenue
will be overwhelming.

They probably will but I doubt it'll be a priority. Although with interest
rates so low it probably doesn't bring a lot in now. My guess is they'll
increase VAT substantially and cut a few other taxes like savings.

In view of the huge mountain of debt that many people have got
themselves into, with very little in savings, I think this is a good
idea. It would be better to cut taxes on savings to encourage people
to save more, and introduce taxes on some types of borrowing to make
it more difficult to take out unnecessary loans.

Chris