#9499882, By elstoof RIP Margaret Thatcher

  • elstoof 11 Apr 2013 21:38:24 10,381 posts
    Seen 10 minutes ago
    Registered 10 years ago
    bladdard wrote:
    elstoof wrote:
    Lowering VAT by 2.5% was a master class in shrewd economics. Benefit to consumers was almost unnoticeable and stimulated absolutely zero purchasing yet the cost to the treasury was billions. There's really no way back other that to overcompensate with a rise to 20% which can then be left there.
    It stimulated growth and took the country out of recession.
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