Taylor Wimpey will pay out £125m to replace cladding and improve fire safety
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 ...