Sunday, 23 November 2008

If you want to save jobs, dropping VAT by 2.5% will achieve the square root of FA

Right now we need some ballsy fiscal actions, not pissing about round the edges.

What in the name of all that is good in the world will a 2.5% VAT cut do? OK, it'll knock £2.50 off the cost of a £100 item on the High Street, but is that £2.50 going to make the difference between that item selling or not? I bloody well doubt it!

So what will keep people in jobs this recession? Well, Mr Darling, using VAT is one option...
How about letting us 'small business owners hang on to the VAT we've collected and the payroll taxes we're supposed to send you; and letting us pay our staff with it instead; whilst we wait for our own customers to sort themselves out and get back to placing orders and paying bills again?


You think so?

What, more radical than putting half a dozen people out of work, out of their homes and onto 'welfare' at great cost to the taxpayer ?

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