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Conservatives deny considering plan to hike VAT to 20 percent | Top News | Reuters

LONDON (Reuters) - The Conservative Party, favourite to win a national election to be held this year, rejected a newspaper report on Saturday which said it was considering raising the sales tax VAT to as high as 20 percent.

"We have absolutely no plans to increase VAT," a party spokesman told Reuters, without giving any further details.

by afew (afew(a in a circle)eurotrib_dot_com) on Sat Feb 13th, 2010 at 12:50:25 PM EST
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