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Budget hits pensioners with '£8bn VAT bill', says Labour

13 July 2010

The Guardian reports that Liam Byrne, shadow chief secretary to the Treasury is calling on the Lib Dems to get the government to defer a potential £8 billion VAT bill, so that the impact of these VAT rises can be looked into properly and a plan can be put in place to compensate pensioners.  However, these calls have so far only generated limited support from a few of the Lib Dem backbenchers.

Read the article in The Guardian