The Chancellor of the Exchequer George Osborne has just announced that VAT rate will rise to 20% from January 4 next year.

The Chancellor of the Exchequer's announcement that VAT will rise to 20% in January will boost the informal economy and cowboy builders warns the Federation of Master Builders.

Announcing his Emergency Budget today, George Osborne, Chancellor of the Exchequer said: "The country has overspent, not been undertaxed" and that action to repair the hole in public finances would come "80% from spending cuts and 20% from raising taxes".

The Construction Products Association is concerned that the reduction in capital spending to just 1.25% of GDP will hold back the pace of the economic recovery.

Plumbing and sanitary systems supplier Geberit has launched a new set of training modules for builders merchants, plumbers merchants and retailers.

Owlett-Architectural, the architectural ironmongery distributor has unveiled its integrated online services, www.owlett-architectural.com and www.ojtrade.co.uk

Brick manufacturer Hanson UK has launched its most sustainable stock brick range.

Sandtex Trade has renamed High X-posure Smooth Masonry Paint, its most durable and flexible, weather resistant exterior masonry coating.

Plumbers merchants from the PTS branch in Aldridge are aiming to raise £3,000 for the NSPCC for the third year in a row.

Forest Garden, the garden timber manufacturer is to sponsor the Inspiring Spaces showcase at the prestigious RHS Hampton Court Flower Show.