Why is no one calling to end VAT on gas and electricity ?
So John Major is happy to gift #RedEd a break on his economic denial strategy, but no one mentions VAT on fuel.
Could this just perchance be something to do with the European Union ?
So John Major is happy to gift #RedEd a break on his economic denial strategy, but no one mentions VAT on fuel.
Could this just perchance be something to do with the European Union ?
“The trouble with theoretical economists is that they don't understand that when you have a deficit, you can only finance it by borrowing, and you've got to persuade people that it's worth lending money to you and that they'll get their money back... there's no way of escaping it.” Dennis Healey during the 1976 Stirling Crisis.
"Lenin is said to have declared that the best way to destroy the Capitalist System was to debauch the currency. By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens ... Lenin was certainly right. There is no subtler, no surer means of over-turning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose." John Maynard Keynes, 1920."To preserve [the people's] independence, we must not let our rulers load us with perpetual debt. We must make our selection between economy and liberty, or profusion and servitude." Thomas Jefferson, President of the United States of America,1801-1809.
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3 comments:
It's everything to do with the EU, you can reduce VAT, but once its on, you can't remove it. That plus government have never seen a tax they didn't like.
Quiet Man is quite right.
I recall the debate on VAT on domestic fuel very well.
The leaderships of both parties were committed to the EU and this measure was part of that. Yet Labour let Denis Skinner et al off the leash ("The evil Tories freezing the pensioners to death") and PROMISED to remove the tax if elected. Even I knew that was impossible and assumed it was a deliberate deceit. With benefit of hindsight, I think that they neither knew nor cared as long as they could make a good debating point.
Because the surrender of powers has been cumulative over years, most MPs probably don't know what they can no longer do. Their maximum time horizon is the life of a Parliament whilst that ole EU just keeps rolling along.
Much the same reasons as they avoid a lot of other questions or talk around them, e.g. the green levies.
1. They quite like them whatever they find it convenient to say sometimes.
2. Doing anything of substance about it would anyway involve going against the EU, and they won't do that and won't even talk about the origin of the problem.
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