Sunday, November 30, 2008

Saving, Not Spending

Letter in the Cambridge Evening News:

I AM instructed by Alistair Darling that I should go out and spend because he cut VAT on Monday.

Should I? I don't think so.

When I read the small print in his speech, I realised that I will be taxed more from 2011 to pay for today (Thursday, 27 November)'s giveaway.

And to pay for the interest on the extra debt that he will incur in the next three years.

Sounds like more extra tax than he has chosen to admit.

So I'm not going to spend, I'm going to save so that I am still solvent after Gordon and Alistair tax me to pay off their credit card.

Chairman
City of Cambridge Conservatives
Belvoir Road
Cambridge

27th November

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