It's hard to avoid news of the Tory Vat Bombshell getting dropped on January 4th. Everytime you turn on the TV, there is a retailer spending hard cash on prime time television adverts warning the public that the Conservatives are going to hammer them with a VAT rise even though the economy is still in a fragile state.
We should also note that during the election campaign, George Osborne specifically promised he wouldn't raise VAT.
Here's what he said
The plans we set out involved around 80 per cent of the work coming from spending restraint and about 20 per cent from tax increases . . . The tax increases are already in place; the plans do not include an increase in VAT.
And here's what Cameron told Jeremy Paxman in an interview on April 23rd:
We have absolutely no plans to raise VAT. Our first budget is all about recognising we need to get spending under control rather than putting up tax.
This is clearly a Government Of All The Liars.