Sunday, 9 January 2011

Shadow Chancellor gives no reassurance with National Insurance & VAT gaffes

Today's Trivia Question for Alan Johnson:

Which UK tax rate is currently 20%?
a)NI
b)Vat
c)Don't Know

"Why don't you ask if you can phone a friend Alan?"


On the Murnaghan programme on Sky News this morning, Shadow Chancellor Alan Johnson believed that employers’ National Insurance contributions are 20%, more than 50% higher than the actual rate of 12.8%.

Watch the interview here

It would appear that the NI gaffe isn't the only taxing issue Mr Johnson has made a faux pas over this weekend. According to today's Mail on Sunday, just 24 hours earlier Johnson made a basic elementary blunder over VAT: Newspaper article

With this further display of fantasy economics, Labour once again shows that they still offer absolutely no alternative to repaying the £120m PER DAY on the Interest alone on it's debt.

On Mr Johnson's showing, it is easy to see exactly how Labour were unfit in Government and are clearly unfit in Opposition.

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