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Watch: PM refuses to rule out VAT rise ahead of Budget

Watch: PM refuses to rule out VAT rise ahead of Budget

Summary

The UK Prime Minister did not confirm or deny if the government will increase VAT before the upcoming November Budget. During an interview, he repeatedly stated that details would be shared in the Budget announcement.

Key Facts

  • The UK Prime Minister appeared on a BBC program.
  • He was asked five times if the government would raise VAT.
  • The Prime Minister did not directly answer the question about a VAT increase.
  • He stated that "the manifesto stands," implying no immediate change.
  • The official budget announcements will be made in November.
  • VAT refers to Value Added Tax, a type of consumption tax placed on goods and services.

Source Information