The UK biggest housebuilders have told the government that it should pay for the cladding crisis.
Housing secretary Michael Gove met with executives from 20 large residential developers at the end of last week to discuss his plans to claw £4bn from them to pay for the works.
But they have pushed back against demands, saying the government should bear responsibility for the cladding scandal because it set the building regulations in force at the time.
The £4bn being demanded by Gove is in addition to the nearly £1bn voluntarily set aside by firms to fix the blocks they built. A further £2bn could be raised over the next decade by the “cladding tax” on profits over £25m. On top of that is the building safety levy on new blocks over 18 metres or seven storeys high.
