VAT on building work, such as lofts and extensions, is far too expensive and needs to be cut.
By doing this, the Government will ensure that millions of home owners will be able to stay where they are and extend their property rather than having to keep moving.
The FMB (Federation of Master Builders) are focused on lowering the new 17.5% VAT rate that takes effect today (January 1st 2010) and are campaigning to have it reduced to just 5% in early 2011. This all sounds good on the surface, but with raw materials like timber, steel and gyprock products going up and up with inflation, something needs to happen in the building industry.
If you feel the same, get behind the Petition and go to cutthevat.co.uk for more details.