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Press Association on the UK Budget: VAT up to 20% as Osborne piles on the pain

Posted on June 23, 2010 by Kendall Harmon

Chancellor George Osborne delivered a hike in VAT and slashed welfare spending as he moved “decisively” to tackle Britain’s record debts.

Presenting his first Budget, he promised “tough but fair” action to wipe out the structural deficit within five years.

Read it all.

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Posted in * Economics, Politics, * International News & Commentary, Economy, England / UK, Politics in General

2 comments on “Press Association on the UK Budget: VAT up to 20% as Osborne piles on the pain”

  1. Ad Orientem says:
    June 23, 2010 at 9:49 am

    A preview of coming attractions on this side of the pond.

  2. Dilbertnomore says:
    June 23, 2010 at 2:29 pm

    #1, you just need to have a little faith. If we only keep the stimulus coming we’re sure to see the light at the end of the tunnel. Of course, that light is probably the headlight of a big, fast freight train getting ready to turn us into a grease spot, but at least it will be resolution. And it certainly keeps us faithful to Obama’s Socialist ideology. Nothing can be more important than that!