Fire Safety: Leaseholder Bankruptcies

Lord Kennedy of Southwark Excerpts

Monday 24th May 2021 Lords Chamber

[Lord Greenhalgh (Con)]

My Lords, I point out that our approach prioritises action on the risks of unsafe cladding, which is what accelerates fire. The costs for remediating this, and the risk posed by it, are high. We are putting in unprecedented sums to cover those costs.

[Lord Kennedy of Southwark (Lab Co-op)]

My Lords, when does the Minister think the Prime Minister will take action to honour the promise he made in the House of Commons, when he said:

“We are determined that no leaseholder should have to pay for the unaffordable costs of fixing … defects that they did not cause and are no fault of their own”?—[Official Report, Commons, 3/2/21; col. 945.]

[Lord Greenhalgh (Con)]

My Lords, the Government have now committed more than £5 billion to the remediation of unsafe cladding. That will ensure that remediating the most risky element of a building will be covered in its entirety for those in high-rises and a substantial part of it for those in buildings of medium height.