VAT cut 'could help make homes more efficient' - 31/01/2012
Individuals who are looking to switch energy provider in order to get cheap energy may agree with calls to make paying for home improvements more affordable.
Last week, it was stated by Brian Berry, director of external affairs at the Federation of Master Builders, that the government should cut VAT on home repair and improvement products to five per cent.
This idea was backed by director of the National Home Improvement Council Andrew Leech, who said in addition to cutting down on the number of people turning to cash in hand rogue traders to avoid this tax, it could incentivise people to make their homes more efficient.
He said the current situation "makes [homeowners] think twice about doing energy efficient improvement to the property because they have to pay through the nose for it".
Mr Leech added if VAT was reduced, individuals would be able to afford high-quality improvements that may give them cheaper gas and electricity bills for many years to come.
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