Gordon Brown has today announced that VAT is to go from 15% to zero from the beginning of the the new tax year in April.
In a bid to kick-start the economy the cut, which comes after a smaller one of 2.5%, is hoped to ensure that a recession is quick and less painful as is currently forecast.
"The British public need something back from the government and now is when they need it most." declared the Prime Minister at a press conference this afternoon. "Unless we act the majority will suffer due the greed of the few and I must not let that happen."
It is a very radical move by Brown and one which came out of the blue, yet he appears to have the backing of his party and one can only hope that this is a wise long term choice.