New study reveals likely vat increase under next parliament could cost UK households £11.14bn or £425 each over a 12 month period
 
Total net VAT receipts already estimated to rise to £80.15bn in 2010, compared to £68.64bn in 2009. 2.5% VAT increase would generate further £11.4bn
Cost to consumers : £425 a year for each of the [...] View more ›