Cladding: Fire Safety Bill to return to Parliament next week basingstokegazette.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from basingstokegazette.co.uk Daily Mail and Mail on Sunday newspapers.
Housebuilder Taylor Wimpey will pay out £125 million to replace cladding and improve fire safety on all blocks built in the last 20 years in the wake of the Grenfell Tower disaster.
The money is set to be placed in a fund in order to provide certainty for customers and leaseholders and to avoid them bearing the cost of investment to ensure their buildings are safe , the company said.
It comes just weeks after ministers set aside £3.5 billion in funding to help repair or replace cladding more than three years on from the tragic fire in west London, which left 72 dead.
More than a million leaseholders face bills of up to £115,000 to fix unsafe homes and Housing Secretary Robert Jenrick told the Commons last month that those in blocks over 18 metres (60ft) high would no longer have to pay to replace flammable cladding.
They are supporting an amendment to fire safety rules that would protect leaseholders from the costs of carrying out emergency work on their flats to replace the deadly facing material.
Government doing bare minimum on fire safety for leaseholders, MPs hear morningstaronline.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstaronline.co.uk Daily Mail and Mail on Sunday newspapers.