9 July 2010

Angus MacNeil, the Scottish Nationalist MP for the Western Isles (Na h-Eileanan an Iar), made a capital point during the debate on the Finance Bill and the increase in value added tax. He said:

“The reason I often hear from the Liberal Democrats for their support for the increase in VAT is that the figures were far worse than they expected them to be. However, the pre-Budget report said that the deficit would be £176 billion, yet when it came to the Budget proper, it was £149 billion. In the build-up to the election, the Budget deficit was greater than anticipated and the Liberals were against the VAT rise; then, when they found a decrease in the deficit, they were suddenly for the VAT rise. I am perplexed.”
(Hansard 6 July 2010 c 275)

Perplexed? Me too, I’m perplexed of Cornwall. Perhaps one of our Cornwall Libdem MPs would like to explain?