Tim, any sector that produces VAT-able supplies hands over just under 15% of its turnover as VAT. Sure, the nominal VAT bill is reduced by the input VAT they have paid to their own suppliers, but the total bill, VAT paid to HMRC plus input VAT paid to suppliers is 14.8936% of turnover.

Next question.

Which is why it beggars belief that Mick Fealty of the Telegraph yesterday suggested that David Cameron listen to Polly for policy ideas.

http://blogs.telegraph.co.uk/politics/brassneck/feb08/toriesforpolly.htm

The usual things, I imagine. Facts. Economics. Logic.