Budget a missed opportunity to help householders save energy
The Association for the Conservation of Energy has called today’s Budget “a big missed opportunity to help hard-pressed householders upgrade the energy efficiency of their homes and save money on their energy bills”.
Once again the Government has ignored widespread calls for a comprehensive package of financial incentives to encourage homeowners to install energy saving measures.
While welcoming the announcement of an extra £200 million for new energy efficient housebuilding and better insulation for social housing, ACE regrets that the Chancellor has done nothing for the vast majority of British householders.
Jenny Holland, ACE’s Parliamentary Co-ordinator, said: “For many years we have called for a comprehensive package of economic measures to encourage homeowners to upgrade the energy efficiency of their homes. These could include Stamp Duty rebates on the cost of energy efficiency improvements; Treasury funding for a national scheme of Council Tax rebates; and cutting VAT on many more energy-saving products.
“With today’s announcement of low-cost loan schemes for small businesses and the public sector, we would have also hoped to see the introduction of a similar scheme for householders. Such a scheme has been a resounding success in Germany, where the Government’s low-interest loans have proved hugely popular and saved a staggering 2.5 million tonnes of carbon in the first two years.
“Millions of UK householders will be disappointed at the Government’s failure to help them save on energy bills and do their bit to tackle climate change.”
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