Building Safety Defects: Costs

Lord Young of Cookham Excerpts

Monday 18th October 2021 Lords Chamber

[Lord Greenhalgh (Con)]

My Lords, we are looking very closely at the “polluter pays” principle and the amendments that have been supplied to us by Steve Day. I have asked my officials to meet on a number of occasions; in fact, I am meeting them this Wednesday. There are, however, some difficulties and hurdles that need to be overcome to make this potentially work. I do not exaggerate; they will be quite challenging to overcome.

[Lord Young of Cookham (Con)]

My Lords, since we discussed this on 16 September, we have a new Secretary of State with instructions from the Prime Minister, so we read, to sort out the cladding crisis. While welcoming the new tax on high-rise development and the substantial support that the Government have already offered, this is not enough to prevent innocent leaseholders facing substantial hardship. Further to the suggestion of the right reverend Prelate, should there not be a substantial levy on the developers who built and sold these unsuitable flats?

[Lord Greenhalgh (Con)]

My Lords, we have a new Secretary of State who is putting his fresh eyes on this. We recognise that the developers that put up these shoddy buildings need to pay. Indeed, we may need to look at other people—the cladding manufacturers may also need to contribute to this—because we want to do whatever it takes to ensure that leaseholders are protected as far as is practicable.