IFA wants Labour declaration on VAT on advice

In an open letter addressed to Shadow Chancellor Ed Balls (pictured), Simon Mansell, managing director of Temple Bar IFA, said he believed the government is sending out mixed messages about VAT. He writes that, on the one hand, the coalition says it is concerned with the lack of long-term saving in the UK yet, on the other, is permitting the FSA to press ahead with financial advice reform which, he claimed, may result in the cost of advice becoming more expensive. Mansell writes: "Does this make any sense at all? Yesterday, Ed Balls accused the Chancellor, George Osborne, of "reckl...