To ask the Chancellor of the Exchequer, for what reason he has not announced proposals on retrofitting homes to reduce energy use and costs.
6 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.