Quotes of the Day

Britain's Chancellor of the Exchequer, George Osborne
Tuesday, Jan. 04, 2011

Open quoteI didn't come into politics and become Chancellor of the Exchequer wanting to increase taxes.Close quote

  • GEORGE OSBORNE,
  • Britain's finance minister, who raised the VAT rate from 17.5% to 20% on Tuesday, calling it a "tough but necessary" step toward restoring the U.K.'s economy
Photo: Dominic Lipinski / Pool / Reuters | Source: BBC