"Official documents show that Alistair Darling was originally planning to announce the £5 billion tax increase on Monday but the pre-Budget report was altered shortly before publication.
In the pre-Budget report, the Chancellor announced a 13-month cut in VAT from the current rate of 17.5 per cent to 15 per cent. The reduction is to be funded through a £12 billion increase in Government borrowing.
In January 2010, the rate of Vat will revert to 17.5 per cent. However, a legal document laid before Parliament states that VAT will "subsequently increase to 18.5 per cent in 2011-12". It is signed by Stephen Timms, a junior Treasury Minister"
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Why Gordon Brown the manic meddler had to take such a massive gamble
Gordon Brown leads bankrupt Britain into the 1970s
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The Organisation for Economic Co-operation and Development expects economic recovery in the UK in 2010 to be much slower than the Chancellor Alistair Darling suggested in the pre-Budget report.
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This isn't about saving Britain. It's simply about saving Gordon!
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