As families across the UK continue to face high energy costs and financial pressures, we've submitted a set of practical, revenue-neutral proposals to HM Treasury that can deliver immediate relief while building long-term economic resilience.
Our submission demonstrates how smart policy design can mobilise up to £15 billion in private investment, support between 60,000 and 120,000 jobs, and reduce annual emissions by 8-12 million tonnes of CO₂, all without adding to government borrowing.
1. Clean Growth Bonds
A Treasury-backed NS&I bond that allows ordinary savers to invest in renewable infrastructure with secure returns, potentially raising £5-10 billion while creating 60,000+ jobs in the clean energy sector.
2. Fair Jet Fuel Reform
Apply standard fuel duty to private jet aviation fuel, raising £110 million annually to fund cavity wall insulation for over 90,000 homes, saving households £400 per year on energy bills.
3. Enhanced Capital Allowances
Extend 100% first-year allowances to heat pumps, battery storage, and EV charging for businesses, funded by removing fossil fuel investment reliefs. This could unlock £2-3 billion in private clean tech investment.
4. Modernised Business Rates
Provide 50% relief for renewable energy installations and storage, funded by phasing out reliefs for ageing fossil fuel infrastructure - strengthening energy security while maintaining revenue neutrality.
5. Regulatory Sandboxes for Clean Finance
Create fast-track pathways for innovative products like green mortgages and community energy bonds, mobilising £1-2 billion in additional private capital without government funding.
These aren't distant promises. By 2026, businesses will benefit from enhanced tax incentives and revenues from fuel duty reform could begin funding household efficiency improvements. By 2027, we could mobilise the full £15 billion in private capital across technology and industrial growth sectors.
All proposals are designed to be revenue-neutral, combining market reforms, tax rebalancing, and self-financing instruments. Total annual administrative costs would be just £47-77 million - a modest investment to unlock billions in private capital and ease cost-of-living pressures.
With decisive leadership, we can turn the clean transition into an economic opportunity, lowering bills today while building the competitive, resilient economy Britain needs for tomorrow.
