VAT cut will help boost green homes, says FMB
Received this today from The Federation of Master Builders (FMB)
The Chancellor’s decision to slash VAT to zero percent on home energy saving measures will help boost the drive for greener and more energy efficient homes, says the Federation of Master Builders (FMB) in response to today's Spring Statement.
Brian Berry, Chief Executive of the FMB said: “With 29 million homes in the UK, of which many are leaky and energy inefficient, decarbonising our existing housing stock represents an important piece of the net zero puzzle. Historically, consumers have not been properly incentivised to commission green upgrades to their homes. This VAT cut will help householders insulate their home at a time when energy bills are escalating. It will also provide a much-needed boost to local builders operating in the retrofit market. The Government now needs to build on the VAT cut and implement a long term National Retrofit Strategy to provide business certainty.”
Berry continued: “The commitment from the Chancellor to improve the UK’s skills system is encouraging, notably the push for greater numbers of employers to train up staff. This is particularly true for construction, a sector that has suffered long-term skills shortages. Smaller firms in the construction sector already conduct the bulk of the training, with 71% of all construction apprentices being trained by them. Measures should focus on providing long-term solutions that incentivise more businesses to play their part in training the next generation of tradespeople. The FMB therefore welcome the Chancellor’s commitment to enhance this system.”
Berry concluded: “Unfortunately, the Chancellor made no reference today to the impact of the planned end to the Red Diesel Rebate on many smaller construction firms, already suffering from rising costs. While the cut in fuel duty will support builders in their travel to and from jobs and make buying regular diesel for machinery cheaper, delaying the end of the Red Diesel Rebate would have made a much more positive impact on builders’ wallets. This is precisely the wrong time to heighten costs for building projects, with an additional need for there to be greater alignment in ensuring that green alternatives, such as bio fuels, are affordable and accessible for construction firms.”
Buy Bodge Buster – Homeowner Air Source Heat Pump Installation Guide: https://amzn.to/3NVndlU
From Zero to Heat Pump Hero: https://amzn.to/4bWkPFb
Subscribe and follow our Homeowners’ Q&A heat pump podcast
I wonder if the VAT cut will also be applied to the equipment for home battery storage systems?
@derek-m, I don’t think it’s applied to batteries but I’m looking into it.
Buy Bodge Buster – Homeowner Air Source Heat Pump Installation Guide: https://amzn.to/3NVndlU
From Zero to Heat Pump Hero: https://amzn.to/4bWkPFb
Subscribe and follow our Homeowners’ Q&A heat pump podcast
- 26 Forums
- 2,102 Topics
- 46.2 K Posts
- 144 Online
- 3,388 Members
Latest Posts
-
RE: Ecodan consuming 100kwh per day in new build!!!
PS to above. I just looked again at the photo you post...
By JamesPa , 39 minutes ago
-
RE: Plug and play solar. Thoughts?
And we have it: DESNZ are now investigating the feasi...
By Lucia , 2 hours ago
-
RE: Compressor attempts start but fails - Nibe Fighter 2005 8kW
@skyefarmer great you located the source of the issue a...
By Mars , 6 hours ago
-
RE: Location of hot water isolation valve on cylinder
@rossowheels if you isolate the water supply in it will...
By ASHP-BOBBA , 15 hours ago
-
The Importance of Radiator Balancing for Efficient Heating: Introducing the Flow Regulating Valve
It’s fascinating to watch how low-temperature heating i...
By Mars , 23 hours ago
-
@heacol, if you're around, can you please provide some ...
By Mars , 1 day ago
-
RE: Servicing Hitachi HP in rural Somerset
I'd give GreenGenUK a call or email them: sales@greenge...
By Mars , 1 day ago
-
RE: Heating coming on when not required
I played with a max heating temp but there is a world o...
By JamesPa , 2 days ago
-
RE: Pressure drop Primary circuit
I've always regarded topping up heating systems as my j...
By JamesPa , 2 days ago
-
RE: Heat pump solutions and/or installer recommendations for France
I’d travel to France for work if you were struggling wi...
By Damon Blakemore , 2 days ago
-
RE: 5 Star Service from Havenwise
That's always a danger with any new good idea, @morgan....
By Majordennisbloodnok , 2 days ago
-
Have your say in the Renewable Heating Hub Awards
It’s time to celebrate the best (and call out the worst...
By Mars , 3 days ago
-
-
RE: Mitsubishi cycling while on chilled water output
@iaack yes there's no denying that cold air sinks! I s...
By downfield , 3 days ago
-
RE: Weather compensated secondary circuits with Biomass
@andycoo that flooring sounds ideal. Extra volume is ...
By Sune , 3 days ago
-
If you are thinking of heating on the immersion conside...
By JamesPa , 4 days ago