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Natwest calls for green homeowners to get their stamp duty back

Should green homeowners get a stamp duty refund? Natwest calls for a tax break for making properties environment friendly

Natwest is stepping up stress on Ministers to increase power effectivity throughout Britain, alongside renewed calls for green homeowners to get their stamp duty back.

David Lindberg, boss of the financial institution’s retail arm, stated making UK houses extra power environment friendly is the best approach to reduce payments.

The lender has met with Mayor of Greater Manchester Andy Burnham and Centrica boss Chris O’Shea to discover what extra may be achieved to increase gas effectivity at an area degree.

David Lindberg, boss of the Natwest's retail arm, said making UK homes more energy efficient is the most effective way to cut bills

David Lindberg, boss of the Natwest’s retail arm, stated making UK houses extra power environment friendly is the best approach to reduce payments

This adopted the Government’s much-anticipated power technique final week, which critics argued solely provided mid to long-term options via funding in nuclear and offshore wind.

Lindberg stated: ‘Our homes account for 15 per cent of the UK’s carbon emissions and we consider that serving to folks to make their houses and companies extra power environment friendly would be the handiest approach to assist them reduce their power payments, in addition to their local weather influence. 

Cost is the primary barrier to customers making power effectivity modifications to their properties, so we’re working with governments, native authorities and the Sustainable Homes and Building Coalition to be sure that the correct regulatory and monetary frameworks are in place to hasten the deployment of power effectivity measures this decade.’

He highlighted 3 ways by which the Government might make a speedy influence.

He stated: ‘We believe that igniting a retrofitting revolution, reforming stamp duty to reward energy efficiency and reforming energy performance certificates will help to accelerate the change needed.’

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