Liberal Democrat VAT bombshell explodes in Vince Cable’s face
Earlier in the week the Liberal Democrats launched a poster, warning of a VAT bombshell if the Conservatives won. Cross-examined by BBC1′s Politics Show today the Liberal Democrats’ Treasury spokesman admitted that the idea of a £389 bombshell was conjecture and conceded that he couldn’t rule out a hike in VAT. Transcript below.
JON SOPEL: I mean let’s leave aside whether or whether not there is a black hole in the Tories’ finances. Leave that to one side. You don’t know factually, that they are going to raise VAT. That is your conjecture.
VINCE CABLE: It is a conjecture and it’s a reasonable assumption and I wouldn’t claim anymore than that.
JON SOPEL: And that £389 is a rough figure plucked –
VINCE CABLE: It’s a ball park estimate of what it would require in order to fill that gap, and it seems a reasonable way of expressing that argument.”
…
JON SOPEL: Would you rule out raising VAT?
VINCE CABLE: No, I don’t. It’s something –
JON SOPEL: So therefore your position is no different to them.”
Well done Mr Sopel. Vince Cable is a serial flip-flopper.
Tim Montgomerie
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Any financial loading, on people, firms or the companies, results to not to the desirable conflict, and causes tearing away of a society. It is necessary to search for reserves, non-standard economic decisions. It is necessary to think whence to take money. Will be more correct. If the government will preserve a today’s financial condition, but to cut down it is impossible will lead only to for opposite actions and the purposes.