Get a quote
Home Tradesman Insights Cladding crisis bill to be settled in March

Cladding crisis bill to be settled in March

Micheal Gove has finally confirmed who will cover the cost of the cladding crisis in a dispute that has been dragging on for years.

In late 2020, those who had purchased a new build were told their flats were unsafe to live in. It was discovered that the external cladding used to construct these new builds was dangerous and posed a serious fire risk. 

Since the issue was confirmed, homeowners have been left in limbo and unable to sell their home. Without an EWS1 safety certificate, the value of thousands of new build flats across the country fell to zero. 

Homeowners have also faced a rise in service charge bills and have been threatened with replacements costs as high as £40,000 per flat. Cladding companies have refused to cover the cost themselves, and have called for the government to take action. 

And they have. Last week the government announced that if cladding companies do not take responsibility, they will be banned from the country. The deadline for construction companies to submit a proposal is March, and comes at a price of £9 billion. 

What are your thoughts? 

Is the UK government right to ban companies who do not comply with safety procedures? And take shortcuts to make a profit? 

Has the cladding crisis had any impact on your trade? 

Comments welcome below. 

Mark McPherson

Mark McPherson has an MA in Creative Writing and has been crafting content for over a decade. He writes for a range of niches, including the construction industry and insurance sector. Mark has worked internationally as a content writer and teacher.

All articles by Mark McPherson

Leave a comment

This website is intended for customers based in the UK and is therefore subject to the UK regulatory regime(s) © Copyright 2024 Tradesman Saver | Tradesman Saver and Henry Seymour & Co. are trading names of Barkdene Limited which is authorised and regulated by the Financial Conduct Authority (FRN 303965) for our insurance distribution and credit broking activities. Barkdene Limited is a credit broker not a lender. You can check our financial services registration status on the Financial Services register.
Registered in England No 1842617. Registered Office – Chancery House, St Nicholas Way, Sutton, Surrey, SM1 1JB. All rights reserved.
Back To Top
You need to be logged in to Your Account to make a payment. Redirecting you to Account Login.