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Originally Posted by jimbuna

Don't they realise interest rates in the UK are currently at an all time low...far better cut the rate of VAT.

http://www.bbc.co.uk/news/business-18158226

Jim the last Labour bought VAT down for a year and it did sod all, granted you could try lower than the 15% of last time. So what's left? Print more money, well the last count at the BoE was more against last month than the month before that and anyway the money goes straight to the Banks who just sit on and do sod all. So we are left with cutting interest rates and this would appeal to George/David & Nick as this will mean paying off the deficit will cost less.

As for the IMF I believe we the Brits set that one up...Sod it.

Its about bloody time we were told what the true debt is.