A recent study indicates that investing in home insulation and heat pumps could offer greater benefits to the UK than pursuing new oilfields. This approach is projected to significantly reduce living costs for households, particularly those on lower incomes, by saving an estimated £1 billion annually on energy bills.
Furthermore, the research suggests that a comprehensive warm homes plan, valued at £15 billion, could inject £1.6 billion into the economy each year and generate approximately 50,000 new jobs across various small businesses throughout the country.