economy United Kingdom
UK plans cuts to heat pump subsidies for defence spending
2BGBP
Miatta Fahnbulleh has been tasked with finding more than £2bn in savings from the energy department’s budget.
UK ministers are preparing to reduce funding for the Boiler Upgrade Scheme, which subsidises heat pumps, to help fund increased defence spending. The scheme is expected to continue, but its budget could be cut by hundreds of millions of pounds.
1 sourceThe GuardianUpdated
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AllegedUK ministers are preparing to cut funding for the Boiler Upgrade Scheme to help fund higher defence spending.
“Ministers are preparing to slash the amount of money available to subsidise heat pumps as they look for ways to fund higher defence spending”
- 2BGBP
Miatta Fahnbulleh has been tasked with finding more than £2bn in savings from the energy department’s budget.
“has been tasked with finding more than £2bn in savings from her budget”
- 2.7BGBP
The Boiler Upgrade Scheme budget is £2.7bn.
“cutting the boiler upgrade scheme (BUS) for England and Wales, which ... will be cut from its £2.7bn budget”