Details here. Stephen Koukoulas thinks we could too
"VALUE Added Tax (VAT) has been cut from 17.5 per cent to 15 per cent as part of the £20 billion "fiscal stimulus" package to encourage spending and spur economic growth. The reduced rate will operate from Monday for 13 months...
INCOME tax on the highest-earners – those who make at least £150,000 a year – will be raised to 45 per cent. The new tax band will come in from April 2011. By announcing a deferred tax rise, the Chancellor is attempting to outline how he will make up the borrowing he is doing now."
