Saving energy: `no more time to lose`

Following last week’s announcement of Government plans to increase energy efficiency, the CBI (Confederation of British Industry) has stated that there is ‘no more time to lose’.

“A step-change in the way we consume energy in our homes is needed, and this is a positive step forward,” said Neil Bentley, CBI Director of Business Environment. “However there is no more time to lose. Government and industry must work together urgently to take these ideas forward if we are to save a big enough slice of the £8.5 billion wasted in energy in the UK each year.”

Acknowledging the “huge potential energy savings to be made in households”, Mr Bentley stressed that “we need to see an economy-wide strategy that also accounts for the hundreds of thousands of small and medium-sized companies across the UK who, like homeowners, need better incentives to overcome the upfront costs of installing energy efficient measures.”

“Companies, like households, are affected by the cost of energy,” said a spokesperson for debt management company Gregory Pennington, “and this is something that can have a knock-on effect on their employees – the less companies need to spend on energy, the more easily they’ll be able to afford their other expenses, such as salaries.”

---

Gregory Pennington offer debt management plans as well as a range of other debt solutions. If you are worried about debt, contact one of our expert debt advisers now.