Building Safety Defects: Costs

Baroness Eaton Excerpts
Monday 18th October 2021

(3 years ago)

Lords Chamber
Read Full debate Read Hansard Text Read Debate Ministerial Extracts
Lord Greenhalgh Portrait Lord Greenhalgh (Con)
- Hansard - - - Excerpts

My noble friend knows that government is not quite so simple. In all seriousness, we have stated publicly that the new tax on developers will raise at least £2 billion over 10 years. We know that the amount of money required is far in excess of that, but there is no upper limit, and we still have not yet announced the detail. We take my noble friend’s point on board with regard to the windfall tax.

Baroness Eaton Portrait Baroness Eaton (Con)
- Hansard - -

My Lords, as others have already said, it is important that the polluter pays, rather than leaseholders, who are victims. Can my noble friend the Minister provide further details regarding this residential property development tax which has been alluded to in previous questions?