David Cameron MP, the UK Prime Minister told the Builders Merchants Federation “I hear what you say and we will look at it” on the question of retaining the 5% VAT rate on insulation.
The Prime Minister was answering a question from the BMF policy manager Brett Amphlett who represented the Federation at the launch of his Government’s Energy Efficiency Mission in central London yesterday (February 6).
The BMF wants the UK Government to stand up to Brussels over its threat to take the United Kingdom to the European Court of Justice unless its ends the reduced rate for certain energy-saving materials.
The Prime Minister listened to the BMF’s case that elevating VAT on the supply & installation of certain energy-saving materials to the 20% standard rate will scupper the Green Deal. Any increase in the cost of materials will affect the Golden Rule calculation.
The conference took place at the Royal Society at which over 200 people gathered to discuss barriers to energy efficiency deployment. The audience comprised industrialists, energy suppliers, transport executives, City of London financiers and trade associations like the BMF.
On arrival, participants found a letter on their seat from Bill Clinton. The former President of the USA praised London for being at the centre of the drive for energy-efficiency and renewable energy.
Delegates also enjoyed a video message from Arnold Schwarzenegger, former Governor of California, who hailed the UK¡¦s leadership and backed this new energy efficiency drive by the British Government.
Also present at the conference were representatives from BMF Supplier Members Rockwool and Knauf Insulation who heard other speakers including DECC Ministers Ed Davey MP and Greg Barker MP, Richard Blakeway, Deputy Mayor of London for Housing, Land & Property and senior managers from Johnson Controls whose founder invented the electric room thermostat.