MPW Economics Discussion Board

Economics news post for AS and A2 students at MPW Cambridge - please add brief comments to stories you find interesting or relevant. You can: speculate on future trends; link in with other topics or units; interpret/analyse; evaluate (magnitude of change/short term/long term...); offer a personal evaluation (normative statements) but please offer evidence or an explanation. You can also evaluate other students' comments but please be professional in your response.

Monday, 12 January 2009

Gordon Brown's VAT folly should be a sharp lesson to Barack Obama

4 comments:

Anonymous said...: I do not know why so many experts have been thinking hard to figured out to reduce the VAT to stimulate the economy which is not significant. Because from 17.5% to 15%, I do not see any points of doing so.; 12 January 2009 at 13:27
Andy Nan said...: In the USA, thre is no VAT, they have a sales tax that is applied only to the retail customer. All the manufacturing steps in between are not taxed. A VAT is based on taxing a product at multiple levels in the process, as it's "value is added," at each step. This is a strictly European phenomenon, and unheard of here in the USA.; 12 January 2009 at 13:36
chaoya zhuang said...: The VAT cut was aimed to boost consumer confidence and encourag activity on the high streets.but because of the recession, they are out of a job or worried about their job, everyone is afraid to spend their money,that's why the VAT cut is not going to work.; 12 January 2009 at 22:14
Fabio xu said...: It's government responsibility,the mistake made by who? Golden Brown should admits mistakes. The system is not running correct.
Government should creat jobs to boosts the economy.; 13 January 2009 at 08:08

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