UK’s Biggest Home Improvement Programme Since The Second World War Nets Zero Interest!

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No, not the interest you’d pay on a loan, interest as in attention given it.  Interesting how this parallels the U.S.’ home improvement program which was part of the job stimulus program. 

From the Telegraph…….

Green Deal ‘in tatters’ as no-one registers

The launch of the Coalition’s flagship green energy project is “in tatters” after a Government minister admitted that not a single household has yet registered for the deal.

The Green Deal encourages homeowners to take out a loan to make their house more energy-efficient. The project goes live in 10 weeks but households have had since October 1 to have their home assessed for the scheme prior to its launch.

However Greg Barker, the climate change minister, has admitted that “no assessments have yet been lodged” on the Government’s official register by homeowners.

Last night the energy industry called on the Department of Energy and Climate Change (DECC) to launch an urgent marketing campaign to alert homeowners to the scheme.

Under the Green Deal people can borrow up to £10,000 from a private sector loan provider and have loft and wall insulation fitted in their homes. The loan is repaid over a period of up to 25 years through higher bills. The idea is that bills will fall once the loan has been paid off because the houses need less energy.

Speaking in June 2011, Mr Barker said that the Green Deal would be “the biggest home improvement programme since the Second World War”.

In an effort to kick-start interest, DECC last month announced a £125 million ‘cashback’ scheme, offering homes up to £1,000 if they sign up as ‘early adopters’.

Ms Berger said that homeowners are being put off by the Deal’s complicated finance arrangements: “The scheme had the potential to create thousands of jobs and help everyone lower their energy bills. Instead bungling ministers have squandered this opportunity by designing a scheme that is a bad deal for the public and doing nothing to promote it.”

How bad can a government program be to have no one sign up for it?  They can’t even give away £1,000 for someone to sign on to this program. 

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13 Responses to UK’s Biggest Home Improvement Programme Since The Second World War Nets Zero Interest!

  1. leftinbrooklyn says:

    Europeans are ahead of us in the growing realization of the failure of expanded government. We’re still in the beginnings of the expansion phase.

  2. jimash1 says:

    I remember when my friend and I were doing insulation in the house were were living in and some old guy came by and asked us to do his house.
    And we did.
    It almost seemed like we could turn it into a business, but it turned out to be very unpleasant work.
    The guy in the pic ion the OP is underdressed and poorly protected and will have itchy arms and eyes for days.

  3. tckev says:

    Nobody in the UK (or the EU) trusts the bloated government(s) when it comes to loaning anyone money, even their own citizenry. Everyone realizes that it’s probably a method for government to hide more debt in the loan accounts.

  4. gator69 says:

    “UK’s Biggest Home Improvement Programme Since The Second World War Nets Zero Interest!”

    Is this the WWII “Home Improvement Programme” to which they refer?

    Seems like an appropriate comparison.

    • leftinbrooklyn says:

      Yes, those glorious Utopian days before the demonic influence of capitalistic America.

      We may have much more current photos soon.

  5. Me says:

    Seems to Me that they want more people in debt and then hold it over their heads later, so a Scheme is what it is.

  6. Bruce says:

    “How bad can a government program be”

    Worse than this. As a rapid stimulus after the GFC our Federal Government offered roof insulation free to anyone who wanted it.

    This became the “Pink Batts disaster“. Four people lost their lives, at least 200 house fires were caused and 4 years later they are still trying to clean up after the hucksters.

    All sorts of interesting and unpleasant creatures are attracted to very large honeypots if you don’t keep them away.

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