THE Chancellor is to consider a call to cut VAT for tenement repairs.

Philip Hammond said he would look at the issue after it was raised by Glasgow East SNP MP David Linden.

Mr Linden asked if the Treasury would consider a reduction in VAT to help owners and housing associations with the cost of repairs.

In Glasgow the bill could run into billions of pounds according to council estimates.

Last year a report showed there are almost 50,000 homes in pre 1919 tenements deemed dangerous, in a state of “critical repair”,

The total cost is believed to be as much as £2.9bn.

Mr Linden said many of the tenements are in places like Shettleston, Tollcross and Parkhead.

He said “A huge proportion of the city’s housing is traditional sandstone tenements which are synonymous with Glasgow.

“Whilst I absolutely welcome the Scottish Government’s investment in new build housing, it’s also important that we protect and maintain our existing tenement stock properties seen on the likes of Tollcross and Shettleston Roads.

“I know from speaking to local housing associations that there’s a desire to invest in these and maintain them for the years to come.

“However, the costs of repairing and maintaining tenements are incredibly expensive and the 20% VAT levels slapped on act as a massive barrier to investment for associations.”

During Treasury Questions in the House of commons Mr Hammod replied he was “not familiar” with the issue but was happy to hear more about it from the MP.

Mr Linden added: “I am delighted the Chancellor has agreed to look into this and hope we’ll be able to convince him of the merits of investing in the sustainability of long term housing whilst also providing a fiscal stimulus for the construction industry.”