George Osborne grab on VAT Increase

The transcript discusses the necessity of addressing debt for sustained growth, highlighting Vieti as a tough but necessary step. It contrasts this with alternatives like National Insurance and income tax rises, which could negatively impact working people and their work incentives. The speaker concludes by justifying the choice of Vieti over National Insurance to avoid these negative impacts.

What is the author's reasoning for choosing Vieti over National Insurance?

What does the author imply about work incentives in relation to tax increases?