EFFECTS OF INCREASE IN VALUE ADDED TAX ON PEOPLE ON LOW INCOMES
- Session: 2010-12
- Date tabled: 22.06.2010
- Primary sponsor:
- Sponsors:
That this House regrets the announcement made in the Budget that value added tax (VAT) will be raised to 20 per cent. in January of next year; agrees with the statement made by the Deputy Leader of the Liberal Democrat Party, the hon. Member for Bermondsey and Old Southwark that `VAT is the most regressive form of tax, which penalises the poor at the same rate as the rich'; further agrees with the leader of the Welsh Liberal Democrats, the hon. Member for Brecon and Radnorshire, who described VAT as `a very regressive tax that falls most heavily on the poorest in society'; and calls on the Chancellor immediately to reverse the proposed rise in order to protect those on the lowest incomes.