Blitheringly stupid idea: eliminate VAT on home heating

I DO wonder sometimes whether anyone actually engages brain any more. For some of the ideas that get passed around are so amazingly stupid that I just cannot believe that people are suggesting them. Take this one today for example:

Value Added Tax (VAT) on household energy bills must be scrapped to prevent pensioners having to choose between heating and eating, campaigners and charities claim.

Dear Lord that’s appallingly stupid.

You’ll have noticed that we’re ever so slightly worried about this thing called climate change, yes? That we’re rigging the entire energy market so as to stop using fossil fuels? Piling the costs onto ‘leccie bills so that people arte forced to pay for renewebles?

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Tim Worstall

Posted: 13th, February 2012 | In: Money | Comments (4)