Labour's secret plan to increase VAT to 18.5%
Yesterday Labour dropped a borrowing bombshell on our economy and today things look even worse. Official Treasury documents show that Labour plan to increase VAT permanently to 18.5% after the next election.
This comes after the news that everyone earning over £20,000 - nurses, teachers, doctors, police officers - will be clobbered with higher taxes thanks to Labour.
Click on the video below to get the rest of my take on the Pre-Budget Report:
http://www.conservatives.com/Video/Webcameron.aspx?id=e4f1c1a8-1f61-4be0-83ab-4ca36a915740
David Cameron MP
November 2008
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