Building Safety

Andrew Selous Excerpts

Wednesday 10th February 2021 Commons Chamber

[Robert Jenrick]

I pay tribute to the right hon. Lady for the work that she has done. She and I have worked together since the terrible fire that her constituents suffered in Barking. She is right to raise the issue of insurance, as other Members of the House have done already. There is a challenge here, because, as with the lenders, the insurers are faced with assessing a new and heightened level of risk. None the less the Association of British Insurers now needs to step up and take a proportionate risk-based approach. As I have said repeatedly, the risk to life in buildings is, mercifully, very low, with the tragic exception of the events of 2017. Insurers should be pricing that risk correctly and not passing on those costs or even profiteering on the backs of the leaseholders. Both myself and my hon. Friend Lord Greenhalgh who leads on building safety have engaged repeatedly with insurers and we will do so again.

[Andrew Selous (South West Bedfordshire) (Con) [V]]

I welcome this very significant intervention and the relief that it will bring to so many people. Does the Secretary of State agree that we have established a very important principle today—that if developers ever behave in this manner again, the Government will come after them, and not the hard-pressed taxpayer, to put these issues right?

[Robert Jenrick]

My hon. Friend is absolutely right. We all feel immense sympathy for the leaseholders, who are innocent parties in this situation, but it also is not right that the taxpayer—the broader taxpayer, many of whom are not home owners at all—has to step in and foot the bill. We have tried to strike a balance today in terms of ensuring that the developers, the builders and the industry behind this pay a fair share. The draft Building Safety Bill that we will introduce later this year will bring forward a very tight regulatory regime so that buildings over 18 metres—the high-rise buildings—are built to a very high standard and these issues should not happen again.