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Government threatens developers with new tax if they fail to fund cladding fix

By News Feed | 10 January 2022

British Irish Council summit The Government will not hesitate to introduce a developers’ tax to hit those responsible for dangerous cladding if firms do not voluntarily step up to fix safety defects, Michael Gove has said. The Housing and Communities Secretary said it was time for those with “the […]Click here to view original web…

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Cladding: Developers told to act on lower-height buildings

By News Feed | 10 January 2022

The housing minister has said he will be “absolutely willing to use legal rules” to make builders pay for the removal of unsafe cladding from lower-height buildings. Michael Gove has written to firms, giving them until March to agree a plan to protect leaseholders trapped in “unsellable homes”. So […] Click here to view original…

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Housebuilders told to pay £4bn more to fix unsafe cladding

By News Feed | 10 January 2022

Michael Gove, the housing secretary, said he was “prepared to take all steps necessary” to ensure cladding was removed British housebuilders face another multi-billion pound bill to help fix the nation’s cladding problems. Michael Gove, the secretary of state for levelling up, housing and communities, has written to developers […] Click here to view original…

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What is the cladding scandal and how does the Government intend to fix it?

By News Feed | 10 January 2022

Cladding The safety of high-rise buildings has been under the microscope since dozens of people lost their lives in the tragic Grenfell Tower blaze. The Government has now pledged to take fresh action to relieve the burden on leaseholders, who have so far faced eye-watering costs for remediation work. […] Click here to view original…

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Gove sets March deadline for developers to plan cladding fix

By News Feed | 10 January 2022

Secretary of State for Levelling Up, Housing and Communities Michael Gove (pictured) has warned developers that they must pay to fix the cladding crisis, agreeing to a plan by early March. Gove wrote to the industry, introducing a deadline of early March to agree a fully funded plan of […] Click here to view original…

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UK orders housebuilders to come up with $5 bln plan to remove cladding

By News Feed | 10 January 2022

LONDON, Jan 10 (Reuters) – Britain has given housebuilders around two months to come up with a fully-funded plan to remove dangerous cladding from residential housing, a project that could cost at least 4 billion pounds $5.4 billion). A deadly 2017 blaze at Grenfell Tower in London, that killed […] Click here to view original…

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UPDATE 1-UK gives housebuilders $5 bln bill to remove cladding

By News Feed | 10 January 2022

(Adds details) LONDON, Jan 10 (Reuters) – Britain has ordered housebuilders to pay around $5.4 billion to help remove dangerous cladding from buildings following a deadly 2017 London fire that left government, developers and owners at loggerheads over how to make properties safe. The blaze at Grenfell Tower in […] Click here to view original…

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U.K. Tells Developers to Replace Dangerous Apartment Cladding

By News Feed | 10 January 2022

U.K. property developers must contribute to a 4 billion-pound-fund ($5.4 billion) to fix dangerous cladding on low-rise apartment blocks by March or face new regulation that would force them to pay, Housing Secretary Michael Gove said. Gove was speaking ahead of a parliamentary statement due on Monday in which […] Click here to view original…

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LONDON MARKET OPEN: Housebuilders fall on UK government cladding plan

By News Feed | 10 January 2022

(Alliance News) – Stock prices in London opened slightly lower on Monday, despite calls for a higher open. Housebuilders fell after the UK government announced plans to resolve the flammable cladding crisis. The FTSE 100 index was down 11.48 points, or 0.2%, at 7,473.80 early Monday. The mid-cap FTSE […] Click here to view original…

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Cladding profiteers have no place to hide, says Michael Gove

By News Feed | 10 January 2022

Seventy-two people were killed in the Grenfell Tower disaster Michael Gove is expected to declare today that there is no hiding place for property developers he blames for the cladding scandal in the wake of the Grenfell Tower disaster. He will announce a series of reforms designed to end […] Click here to view original…

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GOVE: House builders must pay £4bn to release leaseholders from cladding nightmare

By News Feed | 10 January 2022

Housing secretary Michael Gove is to tell the UK’s house building industry today that it must foot the estimated £4 billion bill to replace fire-risk cladding on thousands of towers across the UK. Gove will say that the Government is to ‘expose and pursue’ companies who fitted flammable cladding […] Click here to view original…

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Gove demands £4bn from developers for 11-metre cladding fix

By News Feed | 10 January 2022

51 minutes Housing secretary Michael Gove has told property developers they have until March to agree a system of payments to fix dangerous cladding on intermediate tall buildings. 72 people died as a result of the June 2017 Grenfell Tower fire because the cladding system was both flamable and […] Click here to view original…