Budget: House in uproar over VAT rise from 17.5% to 20%


The Chancellor, George Osborne, was met with uproar as he announced VAT is to rise from 17.5% to 20% from 4 January 2011.

He also said there would be no new increases in duties on alcohol, tobacco or fuel, and that the rise in duty on cider would be reversed.

READ MORE: The Budget, June 2010