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The cost of re-cladding – a financial blow that could prove worse than COVID

Leaseholders facing big bills for remediation include many who themselves work in construction, but even those in the know have become powerless victims. Ian Weinfass investigates Peter Vince had expected the consultancy he founded in 2011 would be growing strongly by now. Like everyone, he had not factored in a global pandemic, but the virus is not the only reason for a cashflow setback he thinks might take four years to clear. In March 2020, his modest company was hit with a £140,000 bill t...
United Kingdom West Midlands United Kingdom General Manchester Cladiators Peter Vince Shabana Mahmood

Leaseholders warn of mental health crisis as they face bills for cladding

After attempts to amend the Fire Safety Bill failed, angry leaseholders expressed their concern once again. Boris Johnson faced a major Tory rebellion over the bill, but a final push in the House of Lords to amend it with protections for leaseholders was defeated on Wednesday night. Cladding being removed from Hanover tower block in Sheffield (Danny Lawson/PA) Stephen Squires, a leaseholder who lives in a tower block in Manchester – which was found to bear dangerous cladding, told the PA news...
City Of United Kingdom Laura Thompson Stephen Squires Manchester Stephen Squires Boris Johnson

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