Cameron rules out VAT increase

David Cameron has ruled out an increase in VAT if he retains power at the general election. He made the pledge during his final Commons clash with Ed Miliband before polling day. It comes after George Osborne repeatedly declined to rule out a VAT increase when questioned by MPs on Tuesday. Mr Miliband cast doubt on the prime minister’s promise, pointing out his government had raised VAT in 2010. Labour later announced it would not put NI up after Mr Cameron challenged the party to rule out an increase. The IFS has warned the two parties could find themselves with little room for manoeuvre in the next parliament in the event of an economic downturn following the announcements.

Source: Financial Times, The Times, The Guardian, Daily Mail, The Independent

So: no VAT increase. No NIC increase. Looks like a bad time after the election for windows, hats and soap then.



Sam Inkersole

In 2022, Sam won the Taxation’s Rising Star award at the Taxation Awards in and was named in the Accountancy Age 35 Under 35.

Jon Wedge

While Jon’s client work focuses on the financial services sector, he also oversees the firm’s assurance service, as well as supporting the trainees following in his footsteps.


Elana joined us in 2017 as an ACA trainee, after graduating from Durham University where she had studied languages. She is now a manager in our assurance team.


By submitting this form, the data provided will be used to perform your request according to our privacy policy.