Crossley, Thomas; Low, Hamish; Wakefield, Matthew - Institute for Fiscal Studies (IFS) - 2009
<p>1. The rate of VAT has been cut temporarily to 15%, with a return to 17.5% in place for the end of 2009. The government has predicted that this will increase consumer spending by about 0.5%. Much of the analysis of this tax cut has been critical of the policy and concluded that the government's...</p>