Autumn Budget Representation 2024
This budget submission welcomes Labour’s manifesto commitment to home upgrades backed by a £13.2bn investment and asks that Treasury confirms the scale of investment in the existing suite of retrofit schemes at this year’s Autumn Budget so that industry can begin to invest, recruit and skill up for delivery on a larger scale. In tandem with this, we propose several revenue-neutral mechanisms to mobilise private investment into the transition to warmer homes and cleaner heating: Energy Saving Stamp Duty Land Tax and a shift in levies from electricity bills to general taxation. We also renew our call for funding for local authorities to act as local drivers of widespread home retrofit and for funding to restore the number of local authority planning officers and boost their capacity to make sound, rapid planning decisions and shape local area plans.