VAT cut would help green build­ing boom

Yorkshire Post - Property - - PROPERTY -

A green build­ing strat­egy with a fo­cus on new work and new skills is the only way the UK con­struc­tion in­dus­try will be able to com­pete and sur­vive in a chang­ing world, says the Fed­er­a­tion of Mas­ter Builders.

Brian Berry, di­rec­tor of ex­ter­nal af­fairs at the FMB, says: “The retrofitting of the UK’s 26 mil­lion homes to make them more en­ergy ef­fi­cient is a huge mar­ket op­por­tu­nity but un­less there is ac­tive de­mand from home­own­ers, builders won’t be able to find the ex­tra work.”

“Cut­ting the rate of VAT to five per cent for en­ergy im­prove­ments to homes would do the trick.”

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