Cutting VAT

It's rather nice to see all these newspaper reports about cutting VAT. Almost none of them fail to make the point that 15% is the minimum that we can cut it to because of EU rules. That is, that we don't in fact control our own tax levels.

However, there's one more point it might be worthwhile to get across.

According to the Telegraph, the cut "could save the average family as much as £10 a week.

£10 week eh?

It's generally accepted that CAP costs the average household an extra £25 a week on top of what food prices would be in the absence of CAP. So let's get out of the EU, abolish CAP and benefit the average household by two and a half times more than this £12.5 billion a year borrowing splurge will cost us.

Plus, of course, abolishing CAP will cost us nothing.

I assume that the only reason more people don't propose this is because the modern education system has left people incapable of doing simple arithmetic.