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Issue 547 | Autumn Statement 2015

Issue 547 | Autumn Statement 2015

Spending Review and Autumn Statement 2015 25 November 2015 On 25 November chancellor George Osborne delivered the Autumn Statement to Parliament. The statement was issued this year in combination with the Spending Review. The key energy announcements were: Reform to the Renewable Heat Incentive to save £690mn by 2020-21 The Warm Home Discount has been extended to 2020-21 A doubling in spending on energy innovation with a focus on small modular nuclear reactors The Energy Company Obligation is to be replaced with a cheaper energy efficiency scheme The establishment of a shale gas wealth fund, worth up to £1bn Confirmation that the ...

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