In his pre-Budget report, Alistair Darling today announced that stuff will be slightly less unaffordable, with VAT falling on Monday from an eye-watering 17.5% at every stage of the retail process to a merely jaw-dropping 15%. The hypothetical cut will last for 13 months, said the Chancellor, so even if you saved up for that consumer item you need to make your life complete, by the time you’ve got enough money to buy it, the VAT’s gone up again and you still can’t afford it.
“Nice Blu-Ray player, yes?” taunted Mr Darling. “Beautiful HD movies… you want? Hmm? Yes? Mmm? Ohh… but you can’t afford it. What a shame.”
Happily the tax cut will not apply to rich bastards, whose income tax increase has been deferred until after the next election, when it will be quietly abandoned by whoever is running things at the time.
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