VAT, Cynicism and the ToryDem Coalition

Left foot forward has a very good post on the cyniism behind the VAT rise.

It includes this graph ....

....showing that VAT rises under the Tories and that it will  become, in January, equal to the basic rate of tax.

The Lib Dems made much of raising the tax threshold to £7000, taking some people out of paying income tax. But the VAT rise will hit the poorest hardest.