UK ministers resist calls to reduce VAT on green home improvements - News Summed Up

UK ministers resist calls to reduce VAT on green home improvements


Ministers are resisting calls to reduce VAT on green home improvements, despite pleas from MPs and builders, as they prepare to set out a national strategy for cutting greenhouse gas emissions from home heating. Heating Britain’s homes accounts for about 14% of the UK’s greenhouse gas emissions, and that number has barely budged in the past decade. This year, ministers scrapped the green homes grant, a scheme to subsidise insulation and low-carbon heating systems, after only six months. Ed Matthew, the campaigns director of the thinktank E3G, said the government must take a series of measures to make Britain’s homes greener, including introducing a new insulation programme, tax breaks such as stamp duty relief for green homes, and green mortgages. The only way to make this happen is to roll out a major green homes infrastructure programme and provide generous grants and tax breaks, to make it affordable for everyone.


Source: The Guardian July 14, 2021 06:00 UTC



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