» Tuesday, April 21, 2009


On the economy, the Prime Minister had outlined the global context for the Budget and had said that all countries were tackling similar issues. We were taking action in Britain that we were seeing having an effect. For example, just this morning we had seen the impact of the VAT cut on the retail sector. We had to also ensure that through the downturn we continued to invest in the future while ensuring the public got best value for money for taxpayers money spent.

The Prime Minister, Chancellor, Chief Secretary and others emphasised the importance of investing and growing our way out of recession at this time.

Asked whether the PMS was referring to Tesco when he spoke about the VAT cut, the PMS said that there was some suggestion from Tesco themselves that the VAT cut had been having a beneficial effect. We were always confident of the position that the VAT cut was the quickest and most effective way of injecting money into the economy and getting money into the hands of millions of families, including those who didn t pay tax as well as those who did pay income tax.

Asked whether the VAT cut had had an impact on the inflation figures out today, the PMS said it clearly had an arithmetic impact on them.

original source.

Briefing took place at 11:00 | Search for related news

No Comments »

No comments yet.

RSS feed for comments on this post.

Post a public comment

(You must give an email address, but it will not be displayed to the public.)
(You may give your website, and it will be displayed to the public.)


This is not a way of contacting the Prime Minister. If you would like to contact the Prime Minister, go to the 10 Downing Street official site.

Privacy note: Shortly after posting, your name and comment will be displayed on the site. This means that people searching for your name on the Internet will be able to find and read your comment.

Downing Street Says...

The unofficial site which lets you comment on the UK Prime Minister's official briefings. About us...


April 2009
Mon Tue Wed Thu Fri Sat Sun
« Mar   May »

Supported by


Disruptive Proactivity

Recent Briefings



Syndicate (RSS/XML)



Contact Sam Smith.

This site is powered by WordPress. Theme by Jag Singh