Fire Safety: Leaseholder Bankruptcies Debate
Full Debate: Read Full DebateLord Moynihan
Main Page: Lord Moynihan (Conservative - Excepted Hereditary)Department Debates - View all Lord Moynihan's debates with the Ministry of Housing, Communities and Local Government
(3 years, 3 months ago)
Lords ChamberMy Lords, I accept that leaseholders are victims and recognise the need to strengthen redress so that we can go after the people responsible for the shoddy workmanship. That is something we will bring through as we announce the building safety Bill shortly.
My Lords, I would be grateful if my noble friend could update the House on any progress the Government have made to ensure that developers contribute to building safety remediation costs.
My noble friend is right. We believe that developers should contribute and make buildings safe without passing the costs on to leaseholders. There have been a variety of announcements by developers: Bellway has announced a cladding removal fund of £46.8 million, Persimmon one of £75 million and Taylor Wimpey has pledged £125 million. The Government have also announced a gateway levy on high-rises, as well as a developer tax that will raise £2 billion over 10 years.