Those of us with the character flaws that lead us to smoke and drink were left out in the cold yesterday by the Chancellor's reduction in VAT to 15% as he increased alcohol & tobacco duty by the 2.5 percentage points necessary to offset the reduction in VAT. Anyone want to guess whether this increase is reversed when VAT rates go back up in a year's time? To quote the immortal Damon Runyon:
"The race is not always to the swift nor the battle to the strong -- but that's the way to bet it."
No comments:
Post a Comment