Energy plan interest rate cut call

Press Association
George Osborne
George Osborne

Chancellor George Osborne should inject new momentum into the Government's flagship energy efficiency scheme by "radically" reducing interest rates charged on loans for home insulation and other improvements, a new report has said.

Since its launch at the start of 2013, the Green Deal has been "dramatically under-performing", with just 1,173 households agreeing to take part, of whom only 813 had taken a loan or committed to do so by the end of October, said the IPPR thinktank.%VIRTUAL-SkimlinksPromo%