London, 25th November 2008:
On Tuesday, the Chancellor of the Exchequer, Alistair Darling, introduced something called a 'Pre-Budget Report' to the House of Commons, in which he reduced Value-Added Tax (raised from the taxpayer to pay for Britain's disastrous and counterproductive membership of the European Union Collective) from 17.5% to 15%, introduced a 45% tax rate on earnings above £150,000 per annum, distributed £60 for no apparent reason to all pensioners (including the Editor of this service) and disabled children, raised child tax credit to £1,810 (from next April), increased National Insurance payments for eight million people, and announced that the Government would be borrowing about £118 billion per annum by 2010, with the National Debt reaching 57% of national income by 2013.
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