This month's Budget from the UK Treasury proposes a new Environment and Housing Agency and stamp duty rebates for energy efficient home improvements.
The Bankers Association says the government should establish an energy efficiency agency “with clear long-term and medium-term objectives”. 
It adds: “This should include making it clear by when homeowners and landlords plan to improve the energy efficiency of their homes.”
The report argues that the UK should “train a new 'green army' of skilled workers to green our housing stock through apprenticeships”.
This follows the government's proposal last month that all rental homes must meet Energy Performance Certificate rating C by the end of 2010.
Rightmove estimates that this would mean upgrading 2.9 million properties at a cost of £23.4 billion, at an average cost of £8,074 per property.
HM Treasury added that the Treasury should not only make these upgrades VAT-free, but also give them a stamp duty rebate “to encourage green home improvements”.
Chancellor Rachel Reeves is due to table Labour's first budget in 14 years on October 30, which aims to plug a £22bn fiscal black hole that Labor says was left behind by the previous Conservative government. This is the content we are aiming for.
HM Treasury points out that first-time buyers currently pay no stamp duty on home purchases under £425,000, but this has been increased from £300,000 as part of the 2022 Mini-Budget. There is.
However, this permanent move was later made temporary by former Prime Minister Jeremy Hunt.
Banking groups argue that the £425,000 zero rate band for FTBs should be made permanent.
It added that all stamp duty bands should be increased annually in line with the UK House Price Index.
David Postings, chief executive of the UK Treasury, said: “In our submission, we will not only introduce measures to boost growth, but we will also introduce measures to support households and businesses across the country. “I called on the government to introduce different ideas,” he said.
