Vat cuts are unlikely to get passed on to struggling consumers and there are no energy credits or increase to tax credits to support workers
Charlie Weston – Five ways today’s budget will hit you in the pocket
It could be categorised as the Big Mac budget. Except it has left a sour taste.
Money that could have been used to index tax bands and increase tax credits, to stop people paying more in income tax next year, will go instead towards a Vat cut to businesses including the likes of McDonald’s, Supermac’s and five-star hotels.
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