Published in Reciprocal Space
Author Stephen Curry

The government is worried about the economy and rightly so. It’s in a bit of a state. When Value Added Tax was raised by 2.5% to 20% at the turn of the year, there were nervous glances to see what impact it might have on consumer confidence. The VAT increase was probably carefully calculated to ensure that people out shopping would not be deterred from their purchases, so that the consumption merry-go-round would keep on turning.