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Recovery still five years away, Mervyn King warns
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Oh dear. And we've had VAT back from 15% to 17.5% and then on to 20%, and the pasty tax, and the granny tax. All in the name of deficit reduction, which is supposed to liberate the private sector (via lower taxes) and solve all the problems.Thrugelmir wrote: »The worst time to raise taxes is in a recession.
We seem to have found a long-lost Lewis Carroll - Alice's Adventures in Downing Street."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Thrugelmir wrote: »The worst time to raise taxes is in a recession.
Yes, Greece found that cutting taxes to nearly zero helped.0 -
It may be worth a try.
Some people think russian roulette is worth a try....
Others view it as terminal stupidity.;)“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0
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