Cost of Living Payments: Second Homes

(asked on 15th July 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, what assessment his Department made of additional payments to multiple-home owners in their distributional analysis on the Cost of Living Support package.


Answered by
Simon Clarke Portrait
Simon Clarke
This question was answered on 20th July 2022

The Department for Business, Energy, and Industrial Strategy (BEIS) consulted on the basis of paying EBSS via domestic electricity meter points. The Government response will be published later in the summer.

The Government’s intention is for EBSS to reach as many households as possible from October, while minimizing the administrative complexity of the scheme. The Department for Business, Energy, and Industrial Strategy (BEIS) has consulted on the basis of paying EBSS via domestic electricity meter points.

While some households have second homes or multiple meter points, it is important to balance this against the timely and efficient delivery of this scheme.

Distributional analysis produced by HM Treasury relies on an established microsimulation model of the UK tax and benefit system. This model is designed to be used for estimating the impacts of a wide range of policies and does not contain information about households’ multiple home ownership.

Reticulating Splines