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That this House believes value added tax (VAT) is an unfair and regressive tax which disproportionately affects people on lower incomes, including pensioners and the unemployed who do not pay income tax or national insurance; further believes that the temporary reduction in VAT to 15 per cent. in 2009 was a successful measure in stimulating the economy during the recession; and opposes the unfair increase in VAT to 20 per cent. announced in the 2010 Budget, which will hit the poorest families and pensioners in society hardest.
Total number of signatures: 108
Showing 108 out of 108
leave out from `House' to end and add `notes that the Institute for Fiscal Studies describes value added tax as a progressive tax'.
Total number of signatures: 1
Showing 1 out of 1