Finance

Government may use ‘legal means’ or tax levy to force developers to pay up to £4bn on cladding removal

By 2022-01-10T08:41:00

Aluminium cladding

Source: Shutterstock/Monicami

The Government is set to ask developers to cover up to £4bn of cost to ensure more flat owners will not have to pay to remove dangerous cladding from lower-height buildings.

It means leaseholders in buildings of between 11 and 18.5m will no longer be expected to take out personal loans to cover the cost of the work.

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