MP calls for home improvement VAT cut
Former cabinet minister Alun Cairns MP has written in the Telegraph calling for a temporary cut in VAT for home repairs, maintenance and support.
He said this could “give the economy a lift” and aid recovery from the coronavirus crisis, adding that the tax relief could “create up to 160,000 entrepreneurs here in the UK, a whole army of new employers to help us to get building again.”
While the move would come at a cost to the taxpayer, Cairns said the result would be increased economic activity, creating demand and employment in some of the UK’s most deprived communities.
“The policy could also be associated with our apprenticeship ambitions and form part of our plan to achieve net zero carbon emissions by 2050,” he said.