 Prime Minister and Minister for Finance, Honourable Philip J. Pierre, on July 11th, tabled a resolution in the parliament to provide additional economic relief to St. Lucien and spur economic development by removing value-added tax on select building materials. Leave the cost of materials that you buy to build your house. Cements, lumber, steel and plywood, Mr. Speaker. If the total comes to $2,000, Mr. Speaker. Before, second of August, you would have to pay an additional 12.5% on the $2,000, on the total price of the goods. You'd have to pay an additional 12.5% Mr. Speaker. But with the removal of that, when you get your invoice, that 12.5% will not be there and it will not be required to pay that 12.5% Mr. Speaker. The Lower House expressed support for the Prime Minister's resolution to suspend that charges on plywood, lumber, cement, steel, galvanized and solar PV systems for a period of two years from August 2nd, 2023 to August 1st, 2025. Even if the cost of these goods increase, even if they increase, at the end of the day, before August 2nd, you had to pay 12.5% more. With the removal of that, with the zero return on that, you'd have to pay 12.5% so you'll make a savings of 12.5% even if the price increases. Home remodeling and renovation projects will be more affordable for the average St. Lucien. Contractors will also benefit from the reduced cost of building materials for medium to larger construction projects. Consumers will benefit from a 12.5% reduction in the cost of building materials as a direct result of Prime Minister Pierre's vat amnesty. I hope, I really, really hope Mr. Speaker, that businesses work with us Mr. Speaker. We have shown good will. We're going to increase the time period for the tax amnesty. We've reduced interest on that, Mr. Speaker. We've said to you, if you lost tax, we'll waive all the interest on the penalties for the tax that you lost, Mr. Speaker. The social and economic realities of ordinary St. Lucien's continue to inspire the People First policies of the Pierre administration. This latest tax relief measure will increase consumer spending power at hardware stores and drive growth in the local construction sector. From the office of the Prime Minister, Rihanny Isidore.