VAT ON BUILDING RESTORATION

Early day motion 547, tabled 21 January 2003 by Lindsay Hoyle (Labour). Signed by 71 members.

That this House notes with concern the number of home owners and organisations struggling to meet the cost of vital restoration work on buildings; further notes that much of the work is carried out on homes and historic buildings which often involves expensive renovation work; recognises the burden imposed in the cost of such work through VAT; and calls on the Chancellor of the Exchequer to reduce VAT on restoration work to its lowest possible level in order to help people renovate property and promote energy conservation and housing repairs and extensions, reducing the pressure for new build.

Signatures by party: Labour 47, Liberal Democrat 12, Labour/Co-operative 6, Plaid Cymru 3, UUP 2, Conservative 1.