LETTER: MPs maintain the balance

If it had been left to the Treasury we would have a 17% VAT rate

File picture: ANTON SCHOLTZ
File picture: ANTON SCHOLTZ

Tiisetso Motsoeneng makes some good points against the populist economics so beloved by politicians (“The dangerous gamble of letting MPs over-rule Treasury”, April 29).

However, if it had been left to the Treasury we would have a 17% VAT rate and a huge waste of public money. Perhaps parliamentary oversight did what it was supposed to — prevent over-reach by the Treasury and thus maintain the balance. Let’s hope.

Eric Milner

Via BusinessLIVE

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