Ian Lavery
Main Page: Ian Lavery (Labour - Wansbeck)(10 years, 10 months ago)
Commons ChamberRead Full debate Read Hansard Text
Gregory Barker
I am very glad to say that the Treasury is right behind the green deal and that the Chancellor has given £200 million to help drive demand for it. We are actively considering how we are going to spend more of it, as there is still a significant amount that has not been committed. We will make further announcements in the autumn.
I also congratulate my hon. Friend on his successful campaign to ensure that service families can benefit from the green deal and the ECO. I assure him that we are working closely with the Ministry of Defence to ensure that service family accommodation will for the first time mean warm and comfortable homes.
Ian Lavery (Wansbeck) (Lab)
In times of austerity, why on earth would people want to enter a green deal arrangement where the interest rate is three times higher than what they can get on the high street? Apparently, there are penalties for early repayment.
Gregory Barker
If ever there was an out-of-touch comment, that was it. How many of the hon. Gentleman’s constituents can get an interest rate on the high street of just 2% or 3%? That is just cloud cuckoo land nonsense. The vast majority of his constituents will be able to access green deal finance. I am glad to say that, with over 40,000 assessments, there is strong early demand. It is early days, but we are very encouraged by what we are seeing.