Britain unveils home insulation programme

Britain’s government intends to £1bil make (Us$1.2bil or Rm5.4bil) of public funding available for home insulation projects from early next year, widening access to assistance that was previously only available to poorer households.

The government said the proposed scheme would run from early 2023 until March 2026 and would help meet a recent target to reduce energy consumption by 15% by 2030.

“Our new ECO+ scheme will help hundreds of thousands of people across the UK to better insulate their homes to reduce consumption, with the added benefit of saving families hundreds of pounds each year,” finance minister Jeremy Hunt said in a statement yesterday.

Britain is facing its biggest squeeze on living standards on record, according to government forecasters, driven largely by a surge in energy costs since Russia’s invasion of Ukraine pushed up natural gas prices across Europe. Government subsidies for household energy

£25bil bills are already forecast to cost

£13bil (Rm135.2bil) this financial year and (Rm70.3bil) from 2023 to 2024.