City Republic: Darling to slash VAT, Citigroup rescued, UK employers on the brink
Posted in: UncategorizedLONDON – Here we go then, VAT to be reduced from 17.5% to 15% to pump £12.5bn into the economy and the top rate of tax to be increased to 45% on incomes of over £150,000 — although not until after the next election.