insulation

FirstPort says the problem was caused by faulty cavity wall insulation installed by British Gas 11 years ago.

Homeowners who say that botched insulation under government schemes left them living in mouldy conditions are calling for an investigation into the problem to be widened.

“Should a job loss affect the household directly, or should a recession affect the economy broadly, households just have less insulation to deal with that.”

Some insulation has come from booming AI tech sector share valuations, creating a profound wealth effect in certain households across the US, calculated by JP Morgan economists as worth $180bn per year.

Nearly a third, or 29%, of the homes that were given internal insulation also need fixing, it said.