Rachel Reeves
Government scraps ECO in Autumn Budget
Chancellor Rachel Reeves has announced that the Energy Company Obligation (ECO) is being shelved. ECO is a government energy efficiency scheme in Great Britain designed to tackle fuel poverty and help reduce carbon emissions, funded via energy bills. In the Autumn Budget, it was revealed that the current iteration of the scheme, ECO4, would end […]
Read MoreChancellor Rachel Reeves visits Kensa HQ
The Chancellor of the Exchequer, Rachel Reeves, visited Truro-based ground source heat pump manufacturer Kensa to hear from Cornish businesses driving green growth and investment, and take part in a roundtable to discuss their role in Britain’s energy transition. During the visit, the Chancellor met with Kensa representatives and heard about the company’s approach to […]
Read MoreIndustry responds to reaffirmation of £13.2 billion for Warm Homes Plan
The latest Spending Review, unveiled by Chancellor Rachel Reeves, has seen the government re-commit to £13.2 billion of funding for the Warm Homes Plan. The Warm Homes Plan encompasses various government financial schemes to help the UK decarbonise and reduce energy bills, including the Boiler Upgrade Scheme, the Warm Homes: Social Housing Fund and the […]
Read MoreRachel Reeves announces funding for training 60k skilled construction workers
Chancellor Rachel Reeves has announced £600 million worth of investment to train up to 60,000 more skilled construction workers, to support its aim of delivering 1.5 million new houses. The latest Office for National Statistics figures show that there are over 35,000 job vacancies within the construction sector and employers report that over half of […]
Read MoreChanges to employer NI puts “jobs and growth at risk” – SNIPEF warns
New employer tax increase threatens stability of plumbing and heating industry, jeopardising investment and job creation in an already fragile construction sector. Fiona Hodgson, Chief Executive of SNIPEF, explains why: Chancellor Rachel Reeves’s announcement of a rise in employer National Insurance from 13.8% to 15%, alongside a lowered threshold for NI payments, has drawn strong […]
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