THE Federation of Master Builders has launched the “Cut the VAT” campaign, in a bid to boost the construction industry and reuse empty homes.If the VAT was cut, it would create thousands of new electricians jobs all over the UK
The coalition government is set to increase the rate of VAT by 2.5% to 20% in January, but the Federation of Master Builders (FMB) believe cutting the VAT would have a significant impact on the struggling construction industry and “create much needed jobs and apprenticeships for young people.”
The FMB, which is the UK building industry’s largest trade association, believe cutting taxes would be able to improve the growing housing crisis and help bring one million empty properties back into use.
There are currently five million people in Britain on social housing waiting lists and 90,000 people living in temporary accommodation.
The FMB have announced in a statement that, “house building is at its lowest level since 1924 and bringing empty homes back into use is a sensible way to meet housing needs and cutting VAT on domestic maintenance and repairs would make sure that this happens.”
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