Tory leadership race: Michael Gove pledges to scrap VAT in bid to boost post “Brexit” economy

Monday June 10th, 2019

The Environment Secretary said he would replace VAT with a “lower, simpler” alternative if he is elected Prime Minister.Number10 Downing Street

Writing for the Sunday Telegraph, Mr Gove unveiled his “pro-business economic plan”, including a pledge to cut business rates.

He said: “My economic plan is driven by the need to increase investment, productivity and wages across the country, with a special focus on helping those areas and regions where productivity is lower.

“It would mean reducing the regulations which hold business back, cutting and reforming taxes – such as business rates – which put pressure on small businesses and undermine our high streets, using the opportunity of life outside the EU to look to replace VAT with a lower, simpler, sales tax.”

Mr Gove, who said his “business know-how” had helped secure positive changes while working in Government, also backed plans for an Australian-style, points based immigration system.

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