The Chancellor must use the upcoming Budget to slash the rate of VAT on repair and maintenance work and to invest in the construction sector in order to maintain the industry’s recovery, according to the Federation of Master Builders (FMB) in response to the ONS construction output data published today.
Brian Berry, Chief Executive of the FMB, said: “While 2019 was a year marked by political and economic uncertainty, there does seem to be some small signs of hope for the construction industry, with the largest monthly growth in the industry seen in November since the start of the year. It is too soon to tell whether this will be a longer term trend, as some sectors such as private house building and repair and maintenance continue to see sluggish growth.”
“The upcoming Budget provides the perfect opportunity for the Government to help ensure this positive trend at the end of 2019 continues into the new decade. In order to help boost the industry, the Chancellor should prioritise cutting VAT on home improvement works, so that tax isn’t a barrier to homeowners upgrading the energy efficiency of their properties. The Government should also use the Budget as an opportunity invest in construction skills to help build the homes and infrastructure we need, and invest in planning departments to ensure the planning system doesn’t act as a blockage to the Government’s ambitious housing targets.”
About the Federation of Master Builders
The Federation of Master Builders (FMB) is the largest trade association in the UK construction industry representing thousands of firms in England, Scotland, Wales and Northern Ireland. Established in 1941 to protect the interests of small and medium-sized (SME) construction firms, the FMB is independent and non-profit making, lobbying for members’ interests at both the national and local level. The FMB is a source of knowledge, professional advice and support for its members, providing a range of modern and relevant business building services to help them succeed. The FMB is committed to raising quality in the construction industry and offers a free service to consumers called ‘Find a Builder’. Please visit www.fmb.org.uk.
Builders available for interview
We have media-friendly Master Builders across the UK who are happy to be contacted for interview by the press. They are real people with real stories and case studies available, with construction sites on which to film. Please get in touch to arrange. Our Chief Executive Brian Berry is also available for comment and is extremely experienced at broadcast interviews.
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The FMB constantly lobbies Government at all levels to boost output and raise standards of safety and professionalism in construction. To keep abreast of our campaigns and news, and to join the debate, follow us at twitter.com/fmbuilders or like us at www.facebook.com/FederationofMasterBuilders.
Policy and Public Affairs Advisor
Federation of Master Builders
E: [email protected]
T: 020 7025 2947
M: 07702 902602