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News: Browne: Wasteful VAT cut only benefiting the rich

April 7, 2009 9:52 PM
Originally published by UK Liberal Democrats

The Government's VAT cut is benefiting the richest households the most, figures highlighted by the Liberal Democrats have revealed. The richest households will save around £1.2bn from the Government's VAT cut, while the poorest 10% will only save an estimated £360m.

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