The Spectator

Portrait of the week | 8 January 2011

issue 08 January 2011

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Ed Miliband, the Labour leader, said that the rise in VAT from 17.5 per cent to 20 per cent would cost the average family £7.50 a week. George Osborne, the Chancellor of the Exchequer, said: ‘If you look at the population and how much they spend, then VAT is progressive.’

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