Impsforever wrote:
An income tax reduction would have been far, far more effective in my view. Many businesses will just see this as a way to make an extra 2.5% in difficult times and will not pas it on to the consumer. End result, no kick-start to the economy, less government revenue and yet more national debt. Very poor decision by Labour in my opinion.
Assuming the idea is that people spend the extra 2.5%, then if the businesses keep it anyway, surely the end result is the same?