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Big property developers face levy to pay for removal of dangerous cladding

By News Feed | 27 October 2021

Cladding similar to that which caught fire on the Grenfell Tower needs to be replaced across the country (Steve Parsons/PA) Large construction companies will be charged an extra levy to raise a £5 billion fund to remove unsafe cladding from high-rise buildings. The Government has decided to charge property […]Click here to view original web…

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How will the Autumn Budget 2021 help victims of the cladding crisis?

By News Feed | 27 October 2021

Leaseholders take part in a demonstration in London to demand an end to the “cladding scandal” (Harry Scoffin/PA) The Chancellor ’s statement confirmed £1.6 billion initially pledged for removing cladding on high rise buildings, as well as an additional £3.5 billion announced by then-Housing Secretary, Robert Jenrick, in February […] Click here to view original…

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Sunak Confirms Tax on U.K. Property Firms to Fix Cladding Crisis

By News Feed | 27 October 2021

The U.K. government confirmed it will tax the country’s largest property firms to help replace unsafe cladding in apartments that’s left thousands of people in potentially dangerous homes. Chancellor of the exchequer Rishi Sunak said the government will levy a 4% tax on developers’ profits that exceed 25 million […] Click here to view original…

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Sunak Confirms Tax on U.K. Property Firms to Fix Cladding Crisis

By News Feed | 27 October 2021

The U.K. government confirmed it will tax the country’s largest property firms to help replace unsafe cladding in apartments that’s left thousands of people in potentially dangerous homes. Chancellor of the exchequer Rishi Sunak said the government will levy a 4% tax on developers’ profits that exceed 25 million […] Click here to view original…

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Leaseholders react to cladding tax in the Budget

By News Feed | 27 October 2021

Leaseholders caught up in the cladding scandal have criticised an announcement in the Budget for a 4 per cent levy on large construction firms. The money will help to create a £5billion fund to help cover the cost of repairs to dangerous cladding and fire safety defeats. But those […] Click here to view original…

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Budget 2021: No hit to housebuilder shares on property developer tax latest

By News Feed | 27 October 2021

Housebuilders will face a new tax / PA Archive Sunak confirmed £5 billion to remove unsafe cladding from the highest risk buildings. That will be partly funded by the Residential Property Developers Tax, which Sunak said will be levied on developers with profits over £25 million at a rate […] Click here to view original…

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Big property developers face levy to pay for removal of dangerous cladding

By News Feed | 27 October 2021

Large construction companies will be charged an extra levy to raise a £5 billion fund to remove unsafe cladding from high-rise buildings. The Government has decided to charge property developers with profits over £25 million at a rate of 4%. It will help to create a fund that can […] Click here to view original…

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Call for the Chancellor to find more money in the Budget to meet the cladding-crisis

By News Feed | 27 October 2021

National law firm Irwin Mitchell says the Government still needs a consistent strategy towards how it handles the ‘cladding crisis’ and is calling for the Chancellor to pledge extra funds in the Budget today. The Government has already announced £5 billion will be available to redress the issue so […] Click here to view original…

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‘I cried for weeks’: Cladding victims face bankruptcy after being told flats are ‘valueless’

By News Feed | 27 October 2021

Zoe Bartley was told the one-bed flat she lives in with her 12 week old baby is now worthless due to potentially dangerous cladding on the building exterior. By Westminster Producer Lewis Denison A young mum who fell foul of the UK’s cladding scandal has revealed she “cried for […] Click here to view original…

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Residents of unsafe cladding flats facing bills topping £100,000, ministers hear

By News Feed | 27 October 2021

Workmen remove the cladding from the facade of a block of flats (Aaron Chown/PA) A “comprehensive plan” is needed to help leaseholders in high-risk flats who have been left with bills running into the hundreds of thousands and flats that are worthless, ministers have been told. Labour former minister […] Click here to view original…

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Calls for at least £15bn funding for remediation works to tackle cladding crisis

By News Feed | 26 October 2021

Irwin Mitchell has said more funding is needed to tackle the cladding crisis. (Photo by Christopher Furlong/Getty Images) The government has been called on to announce more funding to tackle the cladding crisis at tomorrow’s Budget. Law firm Irwin Mitchell also called for measures including giving leaseholders up-front government […] Click here to view original…

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Milton Keynes Council supports residents battling cladding scandal

By News Feed | 26 October 2021

The Leader of Milton Keynes Council has been asked to write to the Government to highlight concerns that were addressed at last night’s Full Council. This comes as the Labour/Lib Dem Progressive Alliance moved a successful motion on Fire Safety and Support for Residents in response to the cladding […] Click here to view original…