The government’s fuel poverty strategy has left social
landlords responsible for funding billions of pounds of improvement works,
senior housing figures have warned. The Department of Energy and Climate Change
(DECC) has published proposals to scrap its legally binding target to eradicate
fuel poverty by 2016. Instead, it has set a new target of ‘as many fuel poor
homes as is reasonably practicable’ to meet a minimum ‘C’ energy performance
certificate ranking by 2030. The new targets have been condemned by fuel
poverty campaigners as a reduction in ambition. Social landlords have also
questioned whether they are achievable given the strategy also confirms plans
to reduce the energy company obligation, which funds most work to make homes
more energy efficient. The exact cost to social landlords of meeting the target
is hard to pin down – estimates range between £7.2bn to £27bn. Read more on
Inside Housing.
Eight in 10 homes in London’s poshest postcodes now sell below asking
price, Coutts finds
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Sellers in areas such as Belgravia and Mayfair face hundreds of thousands
of pounds in losses as property prices fall
Eight out of 10 properties in Londo...
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