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What the 30th Most Powerful Woman in the world thinks of VAT reductions

(And if that '30th Most' etc don't fetch 'em, I don't know Arkansaw)

Christine Lagarde, for it is she, the French Finance Minister is not convinced of the wisdom of Brown and his glove puppet:

"The great uncertainty when one cuts the rate of VAT is knowing who will benefit. If it serves only consumers, it would be a good measure, but if it also benefits the whole of the supply chain between prodicer and consumer, that re-inforces margins. I am not sure that that should be the absolute imperative at the moment".

Mme Lagarde, let it be noted, has serious experience at the top end of commerce, unlike most of our pols.

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Blogger Blue Eyes said... 1:09 pm

I like her a lot. When she was on Newsnight discussing Brown's Saving of the Banking System she pointed out that firstly the Swedes had done it ten years ago and that the issue had been discussed at an EU meeting before Brown made the claim that it was his idea. She actually has some intelligence, unlike our shower.  

Blogger Croydonian said... 1:13 pm

Agreed. And she speaks better English too.  

Blogger Nick Drew said... 2:31 pm

when can she get here ? as they say  

Blogger Croydonian said... 3:39 pm

John Howard for PM, and Christine Lagarde for Chancellor, please. And Vaclav Klaus for Foreign Secretary....  

Anonymous nomad said... 10:11 am

Sorry, Mr C, the govt of all talents has already been formed so you will need a different name for your motley collection. May I propose Old Holborn for Home Secretary?  

Blogger Croydonian said... 10:21 am

Nomad - I'll have a closer look at OH's manifesto. I don't suppose anyone wants 'Golden Virginia' Bottomley back....  

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