skip to Main Content

‘£12bn VAT cut is just one way to lift economy’

Gordon Brown yesterday defended his decision to spend £12.5billion to cut VAT.

He insisted it was never intended to solve the cash crisis on its own and said it was one of a series of measures aimed at pumping more cash into the economy.

Mr Brown said his religious upbringing was behind his banking rescue plan. His Church of Scotland minister father taught him to help those in need.

He told The Sun: “The banking system failed us. When it fails, someone has to make sure things keep going forward.

“If we hadn’t intervened in October the banks would have collapsed.

“I was brought up to believe your duty is to help your neighbour, help people when they are in difficulty.”

Full story at The Sun.

Back To Top