VAT at 25%?!

[BDG]

Right, lets get one thing straight:

THIS IS NOT GOVERNMENT POLICY

From what is being said here and what is said on sky news, people seem to think that this is government policy and that it is going to happen.

It is actually a recommendation of what the government could potentially do from a group who are not the government. It is about as valid as the boyscouts saying the government should built a spaceship and fly to mars to collect rare minerals to help the economy.

My ideas around this - VAT goes up to 25% and government revenues fall due to the huge black economy that develops.