Cut VAT on home improvements,
FMB urges PM
Incoming PM Boris Johnson must ‘build columns instead of writing them’ if he is to fix the housing crisis and restore the hope of home ownership to a generation, the Federation of Master Builders said today.
Chief executive Brian Berry said the country will only reach the number of good quality homes it needs, and at the rate they are needed if local house builders are freed up to build as many homes as the large house builders.
“We want to see Boris bring down the barriers facing construction SMEs, including those who repair and maintain our homes,” he said.
If Boris is looking to cut taxes, then we suggest slashing VAT on home improvement works, as nine in ten builders believe this is the single best tool in Boris the builder’s toolkit to prevent an economic downturn post-Brexit.
“Bojo must restore the housing market’s mojo to ensure that Brexit Britain is built on strong foundations.”