UK developers said they must foot the bill for unsafe coating

How Brazil is reforming a public fund to finance broadband expansion

He told lawmakers in the House of Commons that “we will make industry pay to fix all of the remaining problems.” Gove said developers and cladding companies should pay to make buildings safe, not apartment owners who were “being asked to pay with money they didn’t have for a problem that they did not cause.” “We will give them the chance to do the right thing,” Gove said. “I hope that they will take it, but I can confirm to the House today that if they do not then, if necessary, we will impose a solution upon them in law.”

While high-rise buildings have been able to get government funding to remove the cladding, low-rise dwellings haven’t. Safety regulations brought in since then require similar dangerous cladding to be removed, but the work hasn’t been carried out on some apartment buildings because of wrangling over who should pay.

Housing and Communities Secretary Michael Gove said that by the end of March developers must come up with a plan to pay the estimated 4 billion-pound ($5.4 billion) cost of fixing the cladding on buildings between 11 meters and 18 meters (36 feet and 59 feet) in height, or face legal action and potentially a new tax to raise the money. Investigators found that the building’s flammable cladding helped the fire, which started in an apartment kitchen, race out of control.

Like this article? Gain access to all of our great content with a month-to-month subscription. Start your subscription here.  

“It feels like the government (keeps) trying to bail water off the Titanic with pots and pans and that’s great, some people will be saved, but the ship is still going down and we haven’t yet addressed that problem,” he said. Reece Lipman, who lives in a London building with flammable cladding, welcomed the government’s “firmer tone,” but said the proposals didn’t go far enough.

The News Highlights

  • UK developers said they must foot the bill for unsafe coating
  • Check the latest News news updates and information about business, finance and more.
Disclaimer: If you need to edit or update this news from compsmag then kindly contact us Learn more
We will be happy to hear your thoughts

Leave a reply

Compsmag - Latest News In Tech and Business
Logo