00:30
New VAT rate condemned as tax on cost of fun in London | News: "The VAT increase has been called a “tax on London luxury” as the cost of having fun in the capital — from a cocktail to a night in a hotel — rises as a result of the tax rise.
The jump from 17.5 per cent to a record 20 per cent is expected to raise George Osborne about £2.3 billion in extra tax revenue from the capital, more than from any other region of the country.
But the burden...
