On Wednesday, Barratt Developments and Redrow were the latest to reveal how much money they would put aside to address life-threatening fire safety issues in the homes built by the companies over the past 30 years. Barratt said the decision would cost him up to 400 400 million, while the amount for Redrow is εκατο 200 million. The sums are being added to cash already rivals, such as Bellway, which has so far pledged 6 186.5 million, and Taylor Wimpey, which has pledged περίπου 245 million £, amid growing government pressure. Barratt said his decision to sign an industry commitment to address the issue reflects four years of talks with the government following the Grenfell Tower fire in London in June 2017 that killed 72 people and was partly guilty of using flammable investment. by the developers. The builders stressed that they followed the building rules set by the government at the time. “Through the constructive engagement between industry and government, a proportionate and sensible approach has been found and we look forward to completing the recovery process as soon as possible,” Barratt said. Persimmon confirmed earlier this week that it expects to spend around 75 75m to address the issue, while Crest Nicholson said the restoration would cost the company between 80 80m and 120 120m. The Berkeley Group said it was committed to addressing the issue, but did not disclose its own estimates. Collective forecasts from the UK’s largest home builders still fall short of the 4 4 billion the government estimates is needed to deal with fire hazards in high-rise buildings – between 11 and 18 meters – in England, Scotland and Wales. The commitments to date come amid pressure from housing minister Michael Gove, who has pushed 53 UK developers to sign a pledge to cover restoration costs and protect employees from paying the bill. However, some private developers are considered to be holding back commitments amid fears that the financial burden would push them to failure. The lobby group of the Builders Federation (HBF) said the government has not explained how it came to the 4 4 billion estimate. This includes the cost of repairing building complexes created by foreign companies and companies that have collapsed, but it is unclear who will be called upon to cover these costs or who will be responsible for correcting projects over the age of 30. Subscribe to the daily Business Today email or follow the Guardian Business on Twitter at @BusinessDesk The cost of eliminating risks such as investing in buildings over 18 meters is to be financed in part by a 4% contribution to builders’ profits from housing developments in the UK. The HBF said the money committed so far demonstrates “the commitment of British builders to step up and meet the ‘polluter pays’ requirement from the government and our long-standing principle that tenants should not pay the bill.” He said other companies across the industry, including contractors and builders of insulation and cladding, should also be called upon to cover the cost of any buildings that have not been dealt with by commitments to date. “We are strongly convinced that the other parties. Are called upon to contribute before the government further asks UK home builders to repair buildings with which we have had absolutely no involvement. “If ministers are really interested in the ‘polluter pays’ principle, then that seems fair,” the HBF said.
