
The signs are that Brown will be undone by his PBR
The revelation that a rise in the VAT rate was being considered by the government up until the very last minute, and apparently in the PBR figures themselves, is part of a greater truth that the level of borrowing that the country has embarked on means that taxes will have to rise considerably or there will have to be radical cuts in spending. Brown hopes that delaying until after the election the planned combination of spending cuts and tax rises means that the public won’t cotton on to what is going to happen before they cast their ballots. But the signs are that this is not going to work; the
