Posts Tagged ‘economy’

FSB Urges Government to reduce VAT on Double Glazing

Tuesday, June 23rd, 2009

 

In a bid to stop people turning to cowboy workmen, the Federation of Small Businesses (FSB) has urged the government to drop VAT on home renovations, such as double glazing, insulation and other improvement work from the current level of 15%t to just 5%.

 

Supported by the National Home Improvement Council (NHIC), the FSB acknowledges that by avoiding VAT, cowboy builders have been able to offer discounts on work. The warning to homeowners is that employing an unqualified builder can prove a false economy as projects are left unfinished and can often fail to meet necessary standards.

Vehicle Scrappage Scheme Less Economically Sound Than Double Glazing

Tuesday, May 5th, 2009

 Joergen Jensen, regular columnist for Director of Finance Online, has spoken out about the government’s latest vehicle scrappage scheme by saying:

 “The money should rather be used to encourage people to insulate their houses better and replace single glazing windows with double glazing windows. That doesn’t destroy value, but creates lasting value and at the same time reduces the CO2 emission and cuts future heating bills.”

Personally I don’t think the industry could have a better endorsement. Proof that as a product, double glazing is environmentally friendly and an economically viable investment.