Housing: Energy

(asked on 26th May 2022) - View Source

Question to the HM Treasury:

To ask the Chancellor of the Exchequer, for what reason he has not announced proposals on retrofitting homes to reduce energy use and costs.


Answered by
Helen Whately Portrait
Helen Whately
Shadow Secretary of State for Work and Pensions
This question was answered on 6th June 2022

At the spending review, the Government committed to invest £3 billion over this Parliament to improve the energy efficiency of up to 500,000 low-income homes, reducing energy bills by hundreds of pounds per year.

We are also expanding the Energy Company Obligation to £1 billion per year from 2022 to 2026, helping 133,000 low-income households annually to also improve their energy efficiency.

At the Spring Statement, the Chancellor announced the removal of the 5 per cent VAT charge on the installation of energy-efficiency materials over the next five years. This represents a £280 million tax cut to support investment in energy efficiency over the next 5 years. This is additional to the total support for households this year of over £37bn.

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