Shadow Chancellor John McDonnell said he wants to cut VAT. “If I can reduce the burden of taxation on middle and low earners I will do it as we grow the economy. I will do it.” He told the Observer that VAT hits low and middle earners particularly hard. “I think VAT is a real problem for many people. When we come out of Europe there is more flexibility on VAT, particularly in terms of the lower levels.” McDonnell was less clear on when such a cut might happen though: “We will see how the economy grows.”
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