Michael Gove sets sights on developers to come up with £4bn cladding plan

The Telegraph published this video item, entitled “Michael Gove sets sights on developers to come up with £4bn cladding plan” – below is their description.

The Government will take “every step necessary” to ensure the building industry fixes the problem of dangerous cladding blighting thousands of leaseholders in medium rise blocks, Michael Gove has said.

Four and half years after the Grenfell fire exposed the dangers of cladding, the Housing Secretary said that no leaseholder living in a block above 11 metres would have to pay for fixing dangerous problems.

He confirmed that he had “an absolute assurance” from Chancellor Rishi Sunak that he was ready to impose taxes on the sector if they were not prepared to come forward with a solution.

Mr Gove said while he was seeking to convene a meeting with industry to find an agreed way, he was ready if necessary to “impose a solution on them in law” to cover the estimated £4 billion costs to deal with the issue.

Read more: https://www.telegraph.co.uk/business/2022/01/10/developers-risk-help-buy-ban-without-cladding-compensation-scheme/

#cladding #michaelgove #grenfell #developers

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About This Source - The Telegraph

The Daily Telegraph, known online as The Telegraph, is a national British daily broadsheet newspaper published in London by Telegraph Media Group and distributed across the United Kingdom and internationally. It was founded by Arthur B. Sleigh in 1855 as Daily Telegraph & Courier.

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