Can Andy Burnham fix Britain’s housing crisis? - The Times

1 minute read posted by Anderson Rose
Can Andy Burnham fix Britain’s housing crisis? - The Times

"The removal or temporary reduction of VAT on all standard home improvements has been a prominent campaign for various industry figures since 2021. However, Burnham — like his predecessors — will have his hands tied here, too because VAT accounts for 15 per cent of all government revenue, bringing in £171 billion in receipts in 2024-25, and next year is expected to generate £180.7 billion — about 5.9 per cent of the UK’s GDP. “Andy Burnham’s not going to change that,” says Jon Byers, the founder of Anderson Rose, an estate agency."

Read the full article below:

https://www.thetimes.com/life-style/property-home/article/can-burnham-fix-britains-housing-crisis-q58fxx33h

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