Already hard-pressed British taxpayers faces some of the largest direct and indirect tax rises in recent history, as petrol prices reach record highs and many families set to pay in extra tax of at least £2,800 extra each year.
Hard-pressed British consumers will be forced to pay in an extra £13 billion as a result of the Value Added Tax (VAT) increase — an amount which barely covers the ConDem regime’s £12.1 billion foreign aid budget.
British National Party supporters must steel themselves for the “many battles ahead” in the New Year, party staff manager Adam Walker has said.
A new supertax currently under discussion in the European Union is set to impose an additional direct tax on all financial transactions within the EU will make Britain the single largest contributor to the superstate’s budget and will punish British taxpayers once again.
By Andrew Moffatt, BNP Economics Department -- The chief beneficiaries and causes behind the 2.5 percent VAT increase announced yesterday are the foreign aid budget and the EU.
The Liberal Democratic Party campaigned during the election on a promise not to increase Value Added Tax (VAT) but just two months later they are part of a government which has upped the VAT rate to 20 percent.
The new coalition Government’s very first cabinet meeting has confirmed the accuracy of the British National Party’s election campaign by announcing cuts in services to the British people and inevitable tax rises, while maintaining expenditure on war and foreign aid.