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UK Scales Back £1 Billion Funding to Help Homes Cut Energy Use

  • Energy efficiency scheme is aimed at the poorest households
  • Government didn’t use 10% of other funding for home insulation

The UK government won’t be able to insulate as many homes as planned before winter after it scaled back a £1 billion ($1.2 billion) boost to its flagship scheme to help some of the country’s poorest households curb their energy use.

A plan was dropped to double the £1 billion of funding in the so-called Energy Company Obligation after Boris Johnson’s resignation as prime minister, according to people familiar with the matter who asked not to be named because the matter is private. There is a further £30 million from existing funds that hasn’t been spent and will be lost, according to another person.