Mandelson is on TV again trying to soften the blow.
Basically, as Labour know they won't be elected again, they are likely to announce huge rises in taxation all round.
This is the COST of them screwing us all up!!
Income tax will rise in both rate and allowance cost.
Tax on Cigarettes will go up
Tax on booze will go up
Petrol tax will go up
Road tax to go up
Capital tax to go up in the form of allowance down or a basic increase
Corporation tax to go up (eventhough we are still not in a revival)
VAT will go up and I suspect more than 17.1/2%
Stamp Duty to go up in the form of an allowance or basic rate
Cuts in expenditure on sectors
Govt borrowing to be cut
Cuts in services and local authorities
New charges for VAT for food and maybe children's clothing
TV license up
I can't think of anymore at the moment.
But it will hit hard !
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