Your browser is no longer supported

For the best possible experience using our website we recommend you upgrade to the newest version of your browser.

Your browser appears to have cookies disabled. For the best experience of Construction News, please enable cookies in your browser.

Welcome to the Construction News site. As we have relaunched, you will have to sign in once now and agree for us to use cookies, so you won't need to log in each time you visit our site.
Learn more

Govt should abolish VAT exemptions tackle deficit, says Reform

The Government should begin tackling its fiscal deficit by abolishing VAT exemptions, rather than planned tax rises, a right-wing think tank has today recommended.

A new report by Reform claims that more than £8 billion-a-year could be raised by getting rid of the zero rating for home-building, utilities, food and children’s clothing.

It said that proposed tax increases would in fact hinder investment and growth.