BBC 5live chose the Vat and Fiddle as a stop off point on their tour of the UK to find out what real people thought of the coalition government’s first budget. The Nottingham leg of the five day national tour came after a day in Fife and saw panellists, including Castle Rock chairman, Chris Holmes and Philippa Double of Double Image Photography, interviewed by business presenter Declan Curry.
Questions on what they would do to cut the national debt were among the topics raised. Chris Holmes suggested that ‘packaged’ alcohol – beer in bottles and cans, for example – should carry double excise duty. “At a stroke that could raise £1 billion from supermarket sales leaving pubs to serve draught ale at a lower duty rate,” he said.
For Philippa Double, it was a VAT increase for high end goods like home cinema and luxury cars.