To be honest I think thats awful news. Thats the death nail of the BBMF.
On the 23rd April 2010 David Cameron stated....
"We have absolutely no plans to raise VAT.
and then on the 22nd June 2010....... He raised VAT.
Now, I don't have a problem with VAT but I would take what the Government says with a pinch of salt. They could very easily change their mind....and probably will