THE Federation of Master Builders (FMB) has urged the UK Government to cut VAT on home improvement works to reverse the ‘worrying’ drop in private repair and maintenance activity.
Brian Berry, chief executive of the FMB, said independent research conducted for the FMB has found that a 5% VAT cut on home improvements for a temporary five-year period would provide a significant economic boost and unlock thousands of new jobs.
He added that households are ‘more likely to install green measures if they are doing larger home improvement projects’ so would also boost net zero carbon ambitions.
January ONS figures showed a 4.7% fall in private repair and maintenance work.
