The Chief Economist for the IMF has said the VAT cut is a waste of time. It will not have the desired effect and will be hugely expensive.
LA has now narrowed down to 2 people the moves proponents, a Mr Darling and a Mr Brown , both of Downing Street London. It appears no one else in the world believes it to be a good idea. Lord Allesley can confirm he has spoken to Labour front bencher's who disagree with it. One described it as "crackers" and a "massive waste of money".
So whilst our PM and Chancellor live in their world of delusion, the nation will pick up the bill.
LA
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