Major housebuilders have been announcing they have signed up to Michael Gove’s cladding deal, with some providing estimates of the likely hit to their finances. Here are the key cost details from the statements so far in one place.
Britain’s largest house builders have this week been putting out statements confirming they have signed up to Michael Gove’s fire safety costs deal to remediate blocks over 11 metres in height.
Under the deal, housebuilders agree to pay for the costs of fixing ‘life critical fire safety isses’ in blocks they have developed over the past 30 years, without using funds from the government’s Building Safety Fund. The compromise deal has been reached after housing secretary Gove tabled legislation which, when enacted, could restrict housebuilders’ ability to trade if they don’t sign up.
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