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This is Money Podcast

Home eco-improvements are being pushed by the Government – but do the sums stack up?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1650 Ratings

🗓️ 30 July 2021

⏱️ 51 minutes

🧾️ Download transcript

Summary

Ministers want us to ditch gas boilers and line our houses with insulation to save the planet, but do the sums add up for cash-strapped homeowners?

Simon Lambert, Lee Boyce and Georgie Frost take a look at the Government's aims, if green measures in your home can pay for themselves in the long-run and what it could take to pull Energy Performance Certificate ratings for homes higher.

Simon takes aim at London's low emission zone expansion - it's less than three months away and riddled with inconsistencies.

It will leave at least 300,000 residents with older cars facing a fee of £12.50 each time they get behind the wheel – and these schemes could be coming to a town or city near you.

Value and quality are in, income and momentum are out… we explain the latest investing trends - and bust some jargon too.

Tesco closes all its current accounts - so where next for their nearly a quarter of a million customers?

Is Barclays a good option? You can now earn Avios points and get a free upgrade once a year – but there's a catch…

Transcript

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0:00.0

Welcome to This Is Money podcast. I'm Georgie Pross. And alongside me and editor Simon Lambert today is Assistant Ednaz Lebois. And coming up, ministers want us to turn our houses green to save the planet, but do the sums add up for cash-strapped homeowners? Meanwhile, Simon takes aim at London's low-emission zone expansion. It's less than three months away and it's riddled with inconsistencies.

0:22.4

Also today, value and quality are in, income and momentum are out. We explain the latest investing

0:28.1

trends and bust some jargon along the way. Tesco closes all of its current accounts,

0:33.3

so we're next for their nearly a quarter of a million customers, Barclays maybe, you can now earn

0:38.6

Avis points and get a free upgrade once a year. So what's the catch? Don't forget you to

0:43.4

date with all the latest breaking money news. Just go to this ismoney.com.uk or download the app. But first,

0:49.1

the government is on a mission to make our homes more green, arguing that domestic energy use accounts for about 14% of the UK's greenhouse gas emissions.

0:59.6

That was all part of a drive for the country to hit net zero emissions by 2050.

1:04.3

The intentions are ultimately worthy, better for the environment, and therefore, I guess it figures better for our wallets.

1:11.8

The former may be true, the latter, I'm not so sure.

1:15.2

Let's just take a wee look.

1:17.3

Underfall insulation.

1:19.6

Let's set you back about five grand, double glazing, another five grand on top, solar panels, perhaps, six to seven grand.

1:26.5

Wall insulation, well, there, you're looking about

1:28.5

10,000 pounds, heat pumps. Oh, 20,000 pounds. Lee, not cheap, is it? When you look at this,

1:38.7

let's take a look, let's go back. What are the government's aims here? You know, what methods

1:42.2

are using to get there? Let's take a look at some of the bands, some the incentives. Well, the government is on this

1:47.5

real drive, you know, it's been on this green push for the last couple of years. And that

1:52.1

boils down to a lot of things. It boils down to the whole household, businesses, all

1:56.0

different areas of our lives. The thing is, I'm a bit skeptical about some of this stuff and especially this part

2:05.7

of it all. So let's think back to last year. We had this green scheme. We basically household

2:13.4

could apply for funding to get some green improvements done around their homes.

...

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