Home Insulation Bears the Brunt of Cuts to Labour’s Green Plan

Article content

(Bloomberg) — Britain’s cold and drafty homes remain the most difficult part of net zero to solve, with the opposition Labour Party admitting it needs to drastically scale back the ambition of its home insulation program.

Energy efficiency measures bore the brunt of the cutbacks to Labour’s broader pledge that was torn up on Thursday. Under new plans, leader Keir Starmer earmarked £13.2 billion ($16.7 billion) over five years for green homes, equal to around £2.6 billion a year. Labour, which leads in the polls over Rishi Sunak’s ruling Conservative Party, had assigned £60 billion over ten years as part of a much bigger promise to invest £28 billion annually in green measures.