Ed Miliband VAT

The Labour Party Ed Miliband started  the new year 2011  by complaining about the VAT increase from 17.5% to 20%.

That must raise many questions for Ed Miliband who is known for his economic prowess in helping Gordon Brown sell 400 Metric Tonnes of the UK Gold reserves at less than 300 US $ an oz compared to the market price today which is in excess of US 1,400 US $ an oz.

He makes me laugh as he and his party have  no properly thought out plan or ideas to be able to reduce the appalling  deficit that his own party and the financial genius who saved the world with no more Boom or Bust Gordon Brown left behind.

He and his party have no  alternative plan  to reduce spending or perhaps increase personal taxation.

If  the Liberal Democrat – Conservative Coalition runs its full length then with at least four clear years from a general  election there is some time for the Labour Party to construct some economic policies.

Gromit