Labour shadow chancellor Ed Balls
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Shadow chancellor Ed Balls urges temporary VAT cut

Shadow chancellor Ed Balls has called for "decisive action... to boost growth", offering suggestions for tax cuts in next month's Budget.

Mr Balls' ideas include a VAT cut, a 3p income tax cut for a year, bringing forward the planned personal allowance rise to £10,000 and higher tax credits.

"A VAT cut is the fastest and fairest way to do a temporary boost to demand to get confidence moving," he told Andew Marr.

You can watch The Andrew Marr Show in full on the BBC iPlayer

  • 19 Feb 2012
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