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The proposed Broadband Tax has had the following consultation document released, which offers some interesting clarification of various aspects.
The government’s latest budgetary tax cuts are insignificant. They are claiming the VAT cut will save the UK consumers £3.8billion per year. Considering the UK population is 60,975,000 (2007 figures), that means we’re saving, on average, £62 per year. Hardly a great amount. Granted, the overall population includes children and the like who have no spending power, but still, even if you double the savings, it’s still insignificant in the grand scheme of things.