FMB responds to Liberal Democrat Manifesto

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The Federation of Master Builders (FMB) have now responded to the recent publication of the Liberal Democrat Party Manifesto which pledges to reduce the VAT charges that currently apply to home insulation as a means of achieving their target to insulate all Britain’s homes by 2030, cutting emissions and fuel bills and ending fuel poverty.

In response to the manifesto, a representative of the FMB states that the reduction in VAT is a step in the right direction for achieving lower greenhouse gas emissions from buildings but is not enough to encourage large companies and government bodies to make similar efforts.

The FMB Senior Hub Director, Ifan Glyn stated: “The Lib Dems’ pledge to cut VAT on home insulation is a step in the right direction and is an area that we have been lobbying on for a number of years through the Cut the VAT campaign.

“However, I feel that it needs to go further and VAT should be cut on the labour element of home improvement work across the board. Doing so would simplify the VAT system and send a clear message that boosting jobs and consumer demand in this space is a priority.

“We know that homeowners are more likely to request energy efficiency upgrades as a bolt on to other building work being carried out on their homes. Cutting VAT across the board would therefore incentivise the de-carbonisation of our homes further.

“On a positive note, I strongly welcome the Lib Dems’ pledge to enforce big businesses and government agencies to adhere to the prompt payment code.

“Smaller building firms are being held back by the abuse of retentions and late payment practices that are rife. Getting tough on serial offenders will help small businesses get back to doing what they do best, which is delivering quality work and training the next generation of builders.”

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