Back to 'normal' today with the weather looking gloomy and big increase in VAT the rate goes up from 17.5% to 20% This is a regressive tax as it affects everyone, it hits those on lower incomes harder so anyone on a fixed or low income will have to cut from elsewhere to pay for this. In addition commuters have to pay an average of 6% more in London to travel to and from work and of course petrol prices keep going up every day.
Its obvious that 2011 will be a difficult year for everyone and the biggest challenge will be to coordinate and intelligent overall strategy to defend the attack on pensions and deletion of hundreds of thousands of public service jobs. More unity is needed to fight back a government determined to make us all pay for mistakes and stupid deregulated policies by their mates in the city.
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