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Madrid -
As coal miners and other protesters converge on Madrid, Spain's Prime Minister announces the latest austerity measures, including a VAT increase.
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A white paper produced by the European Commission in Brussels suggests radical changes to the way value added tax is applied to purchases which, if agreed, could see the cost of food shopping increase by up to 20 percent.
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Optimists may look at it as a measure which will help keep weight down but some UK residents will be upset to see their favourite chocolate bars have been reduced in size.
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Senator Edgardo Angara has filed a bill seeking to amend the provisions of existing tax laws to exempt senior citizens from the value-added tax they pay when buying goods and availing of services.
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