18.5% Nonsense
I really can't understand why this is considered to be so newsworthy.
Of course the government is going to consider various ways in which to raise revenue later once the economy picks up. Frankly I would be surprised and a little disappointed if options such as a VAT rise had not been considered.
However what has happened here is typical of the way the Westminster echo chamber operates. Some bloggers have picked it up and expressed outrage, Cameron has chipped in with his claim that this is the government's secret plan. His claim that there is a "black hole" in the finances may or may not be true. Frankly at the moment, how the hell anyone has any idea what state the economy is likely to be in by 2011/2012 I have no clue. And neither do they. This is just being batted around for party political advantage.
This is one of the things that turns people off politics. The screeching from all sides about "black holes" and "tax bombshells" as well as "political opportunism" does nobody any favours.
I believe the government when they claim that they considered it and then dropped it. Would the opposition have preferred it if the government had not considered other options and just blindly picked the first thing they thought of?
There are much more substantial things for the opposition to engage with such at what actually was announced yesterday. Not what wasn't.
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