Darling defends £1 trillion gamble

Alistait Darling yeaterday annonced a £20bn package of tax cuts. VATcut to 15% form 17.5% and the the NI for the employee earning more thatn £20,000 will rise by 2011 if the Labour wins the election. Further 45% tax deduction for people earning £150,000 per yr. He also revealed that the borrowing will go over £512bn over next 5 years which would double the natioanl debt by £1 trillion by 2013