Osborne considers stamp duty rebate for Green Deal sign-ups

Published on Tuesday, 22 February 2011 12:15
Posted by Scott Buckler

Chancellor George Osborne could consider providing a rebate on stamp duty to homeowners who sign up to the government's Green Deal in an effort to incentivise people to boost their home energy efficiencyHowever, reports suggest that there is still much to be done to make homeowners aware of the scheme and what it involves. Indeed, the Confederation of British Industry (CBI) reported that three-quarters of the public do not consider the energy efficiency of a property when buying or renting a home.

 

Such an initiative could be vital in lowering the carbon emissions of the UK's existing housing stock.

According to the Financial Times, 11 charities and companies including WWF and Marks and Spencer, will write to Mr Osborne to impose the rebate.

This week, the CBI said that the scheme will only work if it is clearer about how it is financed and promoted.

Other suggestions from the industry have included cutting council tax for Green Deal customers.

Source: EST

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