The British government stated that real estate developers must bear the cost of removing dangerous cladding, which puts dozens of apartment buildings at risk of fire, and thousands of residents face high bills to ensure the safety of their homes.
LONDON-On Monday, the British government told real estate developers that they must bear the cost of removing dangerous cladding that puts dozens of apartment buildings at risk of fire, and thousands of residents face high bills to ensure their safety. Homestead is safe.
In June 2017, London’s high-level Glenfell Tower was engulfed by a fire, which killed 72 people in the deadliest domestic fire in the UK since World War II, exposing the risk of certain aluminum composite cladding.
Investigators found that the flammable cladding contributed to the out-of-control fire that started in the apartment kitchen.
Safety regulations introduced since then require the removal of similar hazardous cladding, but some apartment buildings have not carried out this work due to the ongoing debate over who should pay.
Although high-rise buildings have been able to obtain government funds to remove the cladding, low-rise residential buildings have not.
Housing and Communities Minister Michael Gove stated that by early March, developers must develop a plan to pay approximately £4 billion (US$5.4 billion) for repairs to the cladding of low-rise buildings, or they will face legal proceedings and May impose new taxes to raise funds.
Gove stated that the government will “use legal means and eventually use the tax system when necessary to ensure that those with strong financial resources, those responsible for maintaining these buildings, rather than tenants, pay individuals, and in the past, they were required to use them. There is no money to pay for the problems they did not cause.”