Economy
Govt Says it Won’t Increase VAT on Solar – Friends of the Earth Reaction
Reacting to news that the government will not oppose an amendment to the Finance Bill on Tuesday that would block a VAT increase on solar panels and insulation, Friends of the Earth renewables campaigner Alasdair Cameron said: “This looks like good news – a VAT hike so soon after the government’s recent cuts in support for renewables would have cast yet another dark cloud over the UK’s solar industry.
“Allowing solar and energy efficiency products to pay a reduced rate VAT will help keep prices lower for households.
“The government must pull the plug on its financial support for dirty gas and oil, and invest in a renewable sector to help deal with the energy challenges we face.”