Spring Statement initial reaction from CIOB

CIOB (the Chartered Institute of Building) has issued an initial reaction to the 2022 Spring Statement. CIOB’s Eddie Tuttle, Director of Policy and External Affairs, said:

Today’s Spring Statement saw several measures put in place to address the rising cost of living and ongoing energy crisis currently affecting households across the UK, including a reduction in the VAT rate on home sustainable energy solutions to 0 per cent. While CIOB welcomes these measures as Government has listened to sectoral calls, we feel that more can be done to tackle the current cost-of-living crisis and that Government should implement a long-term national retrofit strategy to improve the energy efficiency of homes in the UK, helping drive energy bills down and improve the health and wellbeing of occupants.