Product category:
Glass
News Release from: Glass and Glazing Federation | Subject: GGF Response to the Budget 2008
Edited by the Buildingtalk Editorial
Team on 20 March 2008
GGF Response to the Budget 2008
The Glass and Glazing Federation very disappointed that there was no mention of any fiscal incentives to encourage consumers to make energy efficient improvements to their homes.
The Glass and Glazing Federation welcomes the Chancellor's budget statement, where he recognises the challenges faced on climate change, but felt more could have been done The majority of the existing housing stock is not energy efficient and a move to assist homeowners to increase the thermal performance of their homes would have had a greater impact
This article was originally published on Buildingtalk on 26 Sep 2005 at 8.00am (UK)
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We had hoped that the Chancellor might have moved to reduce VAT on the professional installation of products that make homes more energy efficient such as Energy Efficient Windows.
We have recently completed a major environmental project which has shown that Energy Efficient Windows would save 10% of emissions from dwellings nationally.
Currently, Energy Efficient Windows are hit with a full 17.5% VAT rate, even though the installation of other products such as solar panels and insulation have a 5% rate.
We can only hope to reduce carbon and CO2 emissions with incentives to the consumer.
Although it was heralded as a "green budget", there was much more that could have been done by the Chancellor to address the climate change agenda.
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