Government must slash refurb VAT to boost economy by £15 billion

A VAT reduction on housing renovation and repair could boost the UK economy by more than £15 billion from 2015 to 2020 according to a new independent research report by Experian. This reduction could also create more than 95,000 jobs and save 240,000 tonnes of CO2 from thousands of homes. The report is backed by more than 60 charities, trade associations, business groups and financial institutions that are united in calling on all three main political parties to commit to this VAT reduction in their 2015 General Election manifestos. Brian Berry, Chief Executive of the Federation of Master Builders (FMB),
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Categories: Listed Property News.