Leaseholders: Costs

Baroness Ritchie of Downpatrick Excerpts

Thursday 18th November 2021 Lords Chamber

[Lord Greenhalgh (Con)]

I think that is an unfortunate line. Developers have caused this, and there are the insulation manufacturers and product manufacturers in the frame—for instance, for fire doors that do not act as fire doors. We have announced both a tax and a levy, and the new Secretary of State has further plans to ensure that the polluter will pay.

[Baroness Ritchie of Downpatrick (Lab)]

My Lords, for the avoidance of doubt, what assessment has been made that the building safety levy will provide the most balanced approach for funding historical remediation of building safety defects? Have the Government carried out an impact assessment?

[Lord Greenhalgh (Con)]

The building safety levy is one in a suite of measures. The Gateway 2 levy which the noble Baroness refers to runs alongside the residential property developer tax. There is a levy and a tax. That will make a contribution but, by and large, we are seeking to fund the running cost of a high-risk regime, so her question is not actually hitting the mark.