Comment on energy measures in Spring Statement

Commenting on energy measures in today Spring Statement, Jess Ralston, Analyst at the Energy and Climate Intelligence Unit (ECIU), said: “Removing VAT on energy efficiency products such as insulation is an immediate boost for families facing soaring gas bills. But there are lots more tools within the Chancellor's grasp for getting off Russian gas and reducing household bills.

“Low interest loans have been hugely popular in Germany and could unleash private sector investment into sealing up our leaky homes, while net zero policies like incentivising the switch away from gas boilers will help to shield Brits from future fossil fuel market volatility.

“More announcements are expected in the Prime Minister’s upcoming energy security strategy, and to truly insulate homes from sky high gas bills in the longer term, more levers will need to be pulled.”