Energy Efficiency

Treasury written question – answered on 2nd May 2002.

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Photo of Ms Sue Doughty Ms Sue Doughty Liberal Democrat, Guildford

To ask the Chancellor of the Exchequer what the total cost to the Treasury will be (a) at the outset of its introduction and (b) projected in the next three years of the extension of the 5 per cent. rate of VAT to apply to the grant-funded installation of (i) factory-insulated hot water tanks, (ii) micro-combined heat and power and (iii) renewable energy heating systems in the homes of the less well-off.

Photo of Mr Paul Boateng Mr Paul Boateng Financial Secretary, HM Treasury, The Financial Secretary to the Treasury

The cost of the reduced rate of VAT for these grant-funded installations at the outset of its introduction and over the next three years will be negligible.

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