asked us not to do, politicians, asked us not to do, that was the wrong judgments but we kept those works going. for lower rise buildings, those of 4—6 stories, we are bringing into play this important new financing scheme. that means those leaseholders who have at the moment and possible costs providing great worry and strain well now be able to have the reassurance that those costs are turned into manageable once, and they will never need to pay more than £50 a month, many will pay far less. 0nly where the cladding really does need to come off to make sure that the building is safe. that will provide peace of mind to hundreds of thousands of leaseholders, and i think can be seen as a generous, affordable way forward for the taxpayer. you have to remember that when the prime minister and i came

to office 18 months ago, there was only £200 million of government money available to support leaseholders in this situation. that in itself was the result of incredibly hard work by my predecessor, the right honourable member for bexley and sidcup. predecessor, the right honourable memberfor bexley and sidcup. today, 18 months later, there are many, many billions of pounds of support in direct government grant and billions more no doubt in financing schemes funding available to support those leaseholders and to get the situation under control. what is happening in other parts of the country? in scotland, according to a recent f0|a request, the scottish government has done absolutely nothing. the funding they receive from the building safety fund is set in a bank account in edinburgh and they have done nothing with it. i would be interested to know from the right honourable lady

what the welsh government is doing. i do not know. perhaps she can inform us. the right honourable lady herself came to the slate and it was only a week ago when she convened the first debate on this in her tenure. she did not offer a plan, appreciate the scale and complexity of the issue, but offered a task force. a committee, empty words, i'm afraid, and gestures. that is not good enough. while she was doing that, the prime minister, the chancellor and i were working with the lenders, insurers, the royal institute for chartered surveyors, and the leaseholder groups to bring forward what we have announced today, which i hope all fair—minded members across the house will see as a very significant intervention, which does get unsafe cladding of business story met buildings and end the cladding scandal. it ensures safety to leaseholders and that

insurers pay their fair safety to leaseholders and that insurers pay theirfair share safety to leaseholders and that insurers pay their fair share and provides a world—class building safety regime and enables us now to move forwards, reopen and restore confidence in the housing market so the country can move forward again. speaker: to west sussex. flan the country can move forward again. speaker: to west sussex. can i first sa i am a speaker: to west sussex. can i first say i am a leaseholder _ speaker: to west sussex. can i first say i am a leaseholder at _ speaker: to west sussex. can i first say i am a leaseholder at neive - speaker: to west sussex. can i first say i am a leaseholder at neive are i say i am a leaseholder at neive are affected by the problem nor gaining by the solution? can i say to my right honourable friend, recognise this is another set of major steps along the way during last three years. the problems were spelt out by the group and i pay tribute to those working in a cross—party way. there will be more to do any will be dad hearing. iwant there will be more to do any will be dad hearing. i want to ask my right honourable friend to first of all thank the prime minister and chancellor helping in making funding available, i do not say it is

enough, but it is a major step forward and i recognise that. the problem of low—rise and low income areas, and pretty talk about high—rise and high income areas getting more help? and can he say that any leaseholder not owning anything will have to sign away any of their rights eventually to compensation as in when the enquiry finishes and any liability against developers, manufacturers, local building control can be finalised. i praise my right honourable friend for his determined campaigning on this issue which i think everybody in this house has recognised over many years, unfortunately leaseholders will no doubt be grateful. i have been pleased to work with him and take his advice when needed. i can assure him that the funding we have made available today will provide leaseholders with the certainty and confidence they

need, that any leaseholder in a building over 18 metres will now know they will not have to pay for the removal of cladding. those leaseholders in buildings that aren't low—rise, those are 11 to 18 metres, can have great comfort from the fact this new financing arrangement will be in place stop it does not preclude any actions by the building or leaseholders against insurers, those holding warranties, the developers, and those actions should take place. we want to see those who made these mistakes brought to book. we do not want this all to fall upon the taxpayer. that is absolutely essential. because this is a very difficultjudgment, we have to balance the interests of leaseholders, homeowners, with those of the broader taxpayer as well. an ensuring strike —— and in straw —— ensure we strike the right balance.

speaker: to the snp, participating virtually— speaker: to the snp, participating virtually come up with three minutes _ virtually come up with three minutes. . ~ virtually come up with three minutes-_ virtually come up with three minutes. ., ~ ~ .,~ , minutes. thank you, mr speaker. this announcement — minutes. thank you, mr speaker. this announcement of _ minutes. thank you, mr speaker. this announcement of an _ minutes. thank you, mr speaker. this announcement of an additional- minutes. thank you, mr speaker. this announcement of an additional £15 i announcement of an additional £3.5 billion as encouraging as far as it goes. i am sure the scottish government looks forward to the consequential is arriving from this announcement. what the secretary of state has said today will offer some relief to homeowners affected by cladding issues, many of whom are already struggling with bills and simply do not feel able to take on more debt as bedroom homes have become a nightmare, with mortgage ratings of zero due to unsafe cladding. the consequences have been far—reaching for those caught up in the scandal, with homes currently worth nothing, cannot be sold and which residents feel unsafe. i very much welcome the responsibility cladding being born in part at least by the larger players in the

industry. but more details as to how that works is needed. however, despite what the secretary of state has said that no leaseholder will ever pay more than £50 per month in paying back loans to move this cladding, i'm sure you understand this. disappointing for many, since through no fault of their own, they are still facing additional cost after buying their homes in good faith and face debt they do not want and which will impact on household incomes during these difficult times. much more detail on exactly how much these low interest loans will work is needed. can the secretary of state confirmed that there will be limited to these additional costs for leaseholders? 0r additional costs for leaseholders? or is the £50 m in monthly cap? he will appreciate this matters because building work so often overruns, and what timeframe within which this remediation work to be completed?

i'm gratefulfor her remediation work to be completed? i'm grateful for her congratulating these announcements today. to the best of my knowledge, the scottish government have made no use of the funding they have been provided through the existing building safety fund, so important questions need to be answered by her government in scotland as to what is actually happening there. what are they doing to support leaseholders? holiday making those buildings safe? with respect to the financing scheme will bring forward in england, it will be a matterfor the bring forward in england, it will be a matter for the scottish government or welsh or northern irish administrations to decide whether they wish to create a similar scheme. we have set this up a limit of £50 a month. this does provide a great deal of comfort to leaseholders that they will never need to pay more than that pair month. that is about the equivalent of the average service charge for a purpose—built block of flats. i appreciate this is a cost no one

would wish to bear, but i think it is a reasonable one in balancing the interests of the taxpayer were providing support and protection to the leaseholder. we will bring forward further details on how that scheme works as quickly as we can. i think it is important to also say that the arrangement that will be created is not alone to individual. this is a financing scheme with buildings. loans do not sit with the individual and will not affect their credit rating. these are loans on a long tenure that will remain with the building and ensure leaseholders themselves can move on with their lives. speaker: we now come... , lives. speaker: we nowcome... , ., speaker: we now come... first all, i would like to — speaker: we now come... first all, i would like to thank— speaker: we now come... first all, i would like to thank the _ speaker: we now come... first all, i would like to thank the secretary - speaker: we now come... first all, i would like to thank the secretary of. would like to thank the secretary of state for working so closely with me on cladding issues over the course of the last 15 months. i have been calling for a substantial and comprehensive package for cladding

remediation. so i warmly welcome this announcement, which very importantly allows funds to be deployed very quickly and does not require task forces or legislation. now, i have called for a package of five to £10 billion, very quickly, trying to tot up of the numbers, as he went through the details. i think this could be approaching certainly the middle, if not the upper end of that range. can i right honourable friend confirm that and also assure me that money will be deployed as quickly as possible? thank you. can i raise quickly as possible? thank you. can i praise my — quickly as possible? thank you. can i praise my right honourable friend who has been a fantastic member of parliament for kensington since elected and has raised this and other issues arising out of the grenfell tragedy almost every week with me. in fact, we did meet every week to discuss these issues. she is right to say this is a very

substantial intervention. we have already made £1.6 million available. we estimate it will require another £3.5 billion to complete the remediation of unsafe cladding on buildings over 18 metres. and to make good on the promise that we have made today to those leaseholders. in addition to that, we will bring forward the financing scheme and, as i have said, details of that will be published shortly. it is a very generous scheme and there is a significant cost to the taxpayer of ensuring a £50 cap gives that any level of protection and reassurance to leaseholders. the total intervention we are making today is, as she says, one of many, many billions of pounds. that is a difficultjudgment which the prime minister and chancellor have made with me, but we do believe this is a fair and generous settlement to help everybody move forwards. speaker: we had to the chair of the select— speaker: we had to the chair of the select committee.—

select committee. thank you, mr seaker. select committee. thank you, mr speaker- in _ select committee. thank you, mr speaker. in the _ select committee. thank you, mr speaker. in the heart _ select committee. thank you, mr speaker. in the heart of - select committee. thank you, mr speaker. in the heart of the - select committee. thank you, mr | speaker. in the heart of the select committee, could i thank the secretary of state for his statement and welcoming it? as far as it goes, because in terms of the subcommittee recommendations, it only goes so far. i would like to invite the secretary of state to come back to the second leg committee discusses issues in more detail. as a result of the loan scheme, can he assure that no leaseholder will be placed in negative equity? in terms of the additional costs, none cladding costs, to deal with building safety, has he done any assessment of the impact of those costs, the impact of this costs that wilful on leaseholders? and can he confirm there is no help in this statement for councils and housing associations and as a result, to carry out essential safety work, they will have to raise rents, cut maintenance or put the number of affordable homes they can build? and

i thank the select committee and the right honourable gentleman for expert advice over a number of years? i would expert advice over a number of years? iwould be expert advice over a number of years? i would be delighted to come before his committee and discuss this further in the near future. when he says that this does not go as far as he would have liked, i appreciate that sentiment and no doubt there will be leaseholders watching today who would wish us to go even further. but this is a very significant intervention. we have to keep coming back to that. wish property rights, very broadly speaking, are based on —— english property rights. the contents of the leases, contracts, the warranties, the insurance policies that as homeowners sign. what wording today is stepping in in a way that governments have not done in the past. they have not done it when homes have been flooded or subject to subsidence or other unforeseen or

other incredibly difficult issues. we have done this because we have immense sympathy for the leaseholders effective, and as a matter of basic public safety, we have to get this unsafe material off buildings as quickly as possible. so i think this is the rightjudgment and the right balance to be struck between the interests of the leaseholder and those of the broader taxpayer. i would be delighted to come forward before his committee and discuss this in more detail soon. i and discuss this in more detail soon. . ., ., , , and discuss this in more detail soon. _, .,, , ., , soon. i welcome the measures that my riaht soon. i welcome the measures that my right honourable _ soon. i welcome the measures that my right honourable friend _ soon. i welcome the measures that my right honourable friend has _ soon. i welcome the measures that my right honourable friend has set - soon. i welcome the measures that my right honourable friend has set out - right honourable friend has set out today. can i urge him to renew the long—term issues here. profitability should not come before safety. well my right honourable friend look into theissues my right honourable friend look into the issues that i hear about regularly? 0f new—build properties not being built to high enough standards, leaving homeowners spending months chasing developers to come back and fix problems with

their homes. i to come back and fix problems with their homes-_ their homes. i entirely agree with their homes. i entirely agree with the riaht their homes. i entirely agree with the right honourable _ their homes. i entirely agree with the right honourable lady. - their homes. i entirely agree with the right honourable lady. we - their homes. i entirely agree with the right honourable lady. we all| the right honourable lady. we all agree with homeownership and want to get people onto the property ladder and earning a home is one of the great achievements in life. we also know in recent years some of our developments and some are most prominent ones too have built homes that are to a poor standard. they have admitted it in some cases. we need to ensure that is corrected so the quality of homes in this country is high and that members of the public can have confidence making that life changing investment. it cannot be right that buying a home affords you less protection than buying a mobile phone, or many other things we do in our daily lives. we want to see a major change in that culture of the industry so homeowners get the quality, beautiful high quality home they deserve. we have set up a new home is ombudsman and that will be passed into law as part of the building safety regulator. the new building

safety regulator. the new building safety regime which is already in existence in shadow form we put independent form through the passing of that bill. for high—rise buildings, those over 18 metres, that will create a very strict world—class regulatory regime. let’s world-class regulatory regime. let's head to west — world-class regulatory regime. let's head to west ham. _ world-class regulatory regime. let's head to west ham. i _ world-class regulatory regime. let's head to west ham. i don't _ world-class regulatory regime. let's head to west ham. i don't agree - world-class regulatory regime. let's| head to west ham. i don't agree with eve hinu head to west ham. i don't agree with everything -- — head to west ham. i don't agree with everything -- i _ head to west ham. i don't agree with everything -- i agree _ head to west ham. i don't agree with everything -- i agree with _ everything —— i agree with everything —— i agree with everything he said with knobs on. loans for leaseholders are still not off the table, he has avoided the non—cladding costs and still no guarantee my constituents will not be left with bills for problems they did not create, and a number of institutions are frankly profiteering from this crisis, including part of the insurance industry and others. i water in premiums. while we still waiting for the secretary of state to get a grip on this crisis? —— why are we. i am

on this crisis? -- why are we. i am disappointed _ on this crisis? -- why are we. i am disappointed by — on this crisis? -- why are we. i am disappointed by the _ on this crisis? -- why are we. i am disappointed by the tone _ on this crisis? —— why are we. i am disappointed by the tone of her remarks, she has followed this issue very closely and has fought for her constituents, and i praise herfor that hard work, but this government has done a huge amount and i reject her accusations we have brought forward the public enquiry, planned and are now legislating for a new boating safety regulatory regime, we have brought in people to assure the unsafe cladding is remediated and that work has progressed a great deal over the course of the year. many labour politicians, including the mayor of london, post out at the height of the pandemic, so we have done a great deal but was more to be done. i do not know what her proposition is with respect to other materials beyond cladding. all the expert opinion focus on cladding, thatis expert opinion focus on cladding, that is the primary risk, that is the focus that government should have, i will keep following expert

advice. if the labour party's position is that we should not follow that, and that in fact the chancellor should write a blank check and say that absolutely any building safety defect on any building safety defect on any building ofany building safety defect on any building of any height should be paid by the taxpayer, that is a cost, very substantial cost and i would be interested to know how she intends to find that. insurance companies, i do know inspect —— expected them to step up and ensure that their premiums are proportionate and risk—based, because i think some of them have been exploiting leaseholders in a very difficult position. let’s been exploiting leaseholders in a very difficult position.— very difficult position. let's head to the west _ very difficult position. let's head to the west midlands. _ very difficult position. let's head to the west midlands. thank- very difficult position. let's head | to the west midlands. thank you. very difficult position. let's head - to the west midlands. thank you. can i start by welcoming _ to the west midlands. thank you. can i start by welcoming his _ to the west midlands. thank you. can i start by welcoming his statement. i start by welcoming his statement today? it was clearly the right one. he touched on in one of his responses earlier, what leaseholders are going to care about is making sure this remediation is done. can i ask him what work he is undertaking,

with ruth and cladding in tipton to make sure they can get this work done and leaseholders can finally be freed of the stages cladding and the impact that it has on their status as homeowners? the impact that it has on their status as homeowners?— impact that it has on their status as homeowners? the approach i took when i as homeowners? the approach i took when i became _ as homeowners? the approach i took when i became secretary _ as homeowners? the approach i took when i became secretary of- as homeowners? the approach i took when i became secretary of state - as homeowners? the approach i took| when i became secretary of state was to set a target that we would either remediate all buildings are get the workers on site by the end of last year, and with a view exception, largely because of the covid—19 pandemic, we achieved that. we have used project managers and consultants to ensure that every single building in that cohort is being individually managed and myself and my ministers have been meeting with the contractors, leaders of local councils, chief executives, of those buildings regularly to ensure that progress is happening, that needs to continue and broaden to all those buildings that will benefit from today's announcement. he has also right to say that today's announcement will create certainty and confidence for the broader construction sector to

come forward and enter the market to do this work. that will create thousands ofjobs and i would encourage businesses, large and small, to take part in this major initiative. small, to take part in this ma'or initiative. ., , small, to take part in this ma'or initiative. . , ., �* ., , initiative. head up to bedfordshire. thank you- — initiative. head up to bedfordshire. thank you- i _ initiative. head up to bedfordshire. thank you. i pleased _ initiative. head up to bedfordshire. thank you. i pleased the _ initiative. head up to bedfordshire. thank you. i pleased the secretaryl thank you. i pleased the secretary of state wants to tackle rising insurance premiums. i have also spoken to many leaseholders in my constituency who have faced additional costs around other interim safety measures, such as waking watch, and also in fixing other fire safety issues which the secretary of state seemed to push back on. these joined secretary of state seemed to push back on. thesejoined up secretary of state seemed to push back on. these joined up financial pressures are pushing many leaseholders near bankruptcy, so what is the government doing to help bring down these costs? we what is the government doing to help bring down these costs?— bring down these costs? we are workin: bring down these costs? we are working with — bring down these costs? we are working with the _ bring down these costs? we are working with the joys _ bring down these costs? we are working with the joys sector - bring down these costs? we are working with the joys sector and they do now need to take a more proportionate risk—based approach, some of the examples, they might be outliers, but the example i have

heard is premiums racing by 1000%, completely out of kilter with the statistic that i gave earlier, only ten people last year tragically died in buildings over 11 metres. 0nly ten people last year tragically died in buildings over 11 metres. only 41 people died in any house fire in this country at all. with respect to waking watch, that is a very challenging issue but we have brought forward our £30 million fund to replace waiting watches with high—quality effector fire alarm systems, that is now open and i would encourage any building, including the one in her constituency, to apply, get the fire alarm installed and reduce those costs quickly. i alarm installed and reduce those costs quickly-— costs quickly. i welcome his statement _ costs quickly. i welcome his statement i _ costs quickly. i welcome his statement i know _ costs quickly. i welcome his statement i know there - costs quickly. i welcome his statement i know there will| costs quickly. i welcome his i statement i know there will be costs quickly. i welcome his - statement i know there will be many people in my constituency and across the country who will be relieved the government is taking further action on this issue have unsafe cladding. does he agree with me that speeders of the essence and critique

confirmed that additional financial remediation will help relieve the worry and remove unfair, unfounded course or leaseholders to deal with the removal of unsafe cladding? —— committee confirm. the removal of unsafe cladding? -- committee confirm.— the removal of unsafe cladding? -- committee confirm. yes, i thank him for the work — committee confirm. yes, i thank him for the work he _ committee confirm. yes, i thank him for the work he has _ committee confirm. yes, i thank him for the work he has done, _ committee confirm. yes, i thank him for the work he has done, we - committee confirm. yes, i thank him for the work he has done, we have i for the work he has done, we have corresponded on this subject many times. today's announcement will provide comfort and reassurance to hundreds of thousands of leaseholders and i would also draw his attention to the work we are doing which will ensure 50% of those individuals who might have required an ews1 form to no logger need to go through that. we an ews1 form to no logger need to go through that-— through that. we know head to st albans. when _ through that. we know head to st albans. when there _ through that. we know head to st albans. when there was - through that. we know head to st albans. when there was a - through that. we know head to st albans. when there was a failure | through that. we know head to st l albans. when there was a failure of re . ulation albans. when there was a failure of regulation in _ albans. when there was a failure of regulation in the _ albans. when there was a failure of regulation in the city, _ albans. when there was a failure of regulation in the city, the _ regulation in the city, the government bailed out the banks in a matter of days to the tune of £500 billion. in the face of a failure of

fire safety regulations, where people are terrified of burning to death in their homes, the government has taken three and a half years and only offered six. my constituents are still facing the course of nine cladding fire safety problems, waking watches and more. when will the government accept the basic principle that cladding victims should not have to pay a penny to fix fire safety problems that are not of the making? the government acted decisively _ not of the making? the government acted decisively in _ not of the making? the government acted decisively in the _ not of the making? the government acted decisively in the immediate i acted decisively in the immediate aftermath of grenfell tower, expert opinion has evolved over time, the first expert advise the government received was to focus on acm cladding, that was on grenfell tower, and to focus on those billings of 18 metres, we put in place the funding to do that, where the building owners and the industry were not able with not pay themselves. the expert advice then said there were some other materials which were somewhat less unsafe but nonetheless deal could be unsafe, that work is under way, they tightly

gave annex a £1 billion a year ago to do that, and then be brought forward this very substantial intervention today, so we are working extensively to tackle the issue and i hope today's intervention will be a lasting settlement. i intervention will be a lasting settlement.— intervention will be a lasting settlement. . ,, ,, . ., , ., settlement. i thank the secretary of state for his — settlement. i thank the secretary of state for his statement _ settlement. i thank the secretary of state for his statement today - settlement. i thank the secretary of state for his statement today in - state for his statement today in relation to building safety. warrington does not have any apartments above 18 metres which would require remediation, but i have heard from a number of parents concerned that their sons and daughters are paying additional charges levied by landlords to cover the cost of insurance and waking watches and apartments that they purchased. i wonder if you can set out what steps the government are taking to cover these costs so that the burden does not fall on families of my constituents? the announcement that we have made today and the work my right honourable friend and either chancellor have done with each of the major retail banks who

strongly support this intervention does give much greater confidence to lenders, surveyors and to insurers to re—enter the market to bring down those premiums, to lend against these buildings and enable the market to move forward. this will take time, there is more to be done. but i think you will see the market now moving forward in a way that is not done in recent months. let’s not done in recent months. let's head north- _ not done in recent months. let's head north. the _ not done in recent months. let's head north. the secretary - not done in recent months. let's head north. the secretary of- not done in recent months. let's i head north. the secretary of state has referred _ head north. the secretary of state has referred to _ head north. the secretary of state has referred to furnace _ head north. the secretary of state has referred to furnace and - head north. the secretary of state has referred to furnace and the . head north. the secretary of state i has referred to furnace and the need for building companies to step up. i understand that he is introducing a levy on those companies, but what more is he doing to pursue those responsible for building unsafe homes, leaving the taxpayers and leaseholders to meet the clean—up costs? leaseholders to meet the clean-up costs? ., ., ., , leaseholders to meet the clean-up costs? ., ., . , . , leaseholders to meet the clean-up costs? ., ., ., , , leaseholders to meet the clean-up costs? ., ., ., , costs? the honourable lady raises an imortant costs? the honourable lady raises an important point _ costs? the honourable lady raises an important point and _ costs? the honourable lady raises an important point and let _ costs? the honourable lady raises an important point and let me _ costs? the honourable lady raises an important point and let me be - important point and let me be absolutely clear, the first thing the government has done is establish

the government has done is establish the independent grenfell, that has already heard some absolutely shocking allegations of malpractice and outright dishonesty among some of the construction products manufacturers, it will be a matter for the police whether they choose to take forward criminal prosecutions against individuals or companies involved. in terms of remediation, we want the building owners to pay some have, and i am grateful for that, owners to pay some have, and i am gratefulfor that, some owners to pay some have, and i am grateful for that, some of the large volume house—builders today have come forward, saying they will pay more. that needs to continue, and nothing i have stated a shoe take away from that. they should still come forward as well as paying their fair share through the levy and attacks that i have announced. —— and their tax. i attacks that i have announced. -- and their tax.— and their tax. i thank him for the significant _ and their tax. i thank him for the significant intervention, - and their tax. i thank him for the significant intervention, but - and their tax. i thank him for the significant intervention, but willl significant intervention, but will he assure me that the industry responsible, including some of the wealthiest individuals and organisations, will be repaying its

fair share when taxpayers, many of whom are not homeowners already —— are already been hit hard. the whom are not homeowners already -- are already been hit hard.— are already been hit hard. the levy and the tax — are already been hit hard. the levy and the tax that _ are already been hit hard. the levy and the tax that i _ are already been hit hard. the levy and the tax that i have _ are already been hit hard. the levy and the tax that i have announced, and the tax that i have announced, and that the chancellor and i will be setting out more details on, ensure that the industry pays its fair share in addition to them stepping up and paying for the remediation buildings which they have got this possibility, there is no simple solution to this, many of the builders and developers who constructive these billings long gone, into administration, shell companies offshore. this is not a simple challenge to fix as some have suggested, but i hope the measures we have taken the day will go a long way. —— taken today. abs, we have taken the day will go a long way. -- taken today.— way. -- taken today. a number of members — way. -- taken today. a number of members have — way. -- taken today. a number of members have said _ way. -- taken today. a number of members have said that _ way. -- taken today. a number of members have said that getting i way. -- taken today. a number of l members have said that getting any money out of government has proved painfully slow, so leaseholders today are facing extra course for insurers whilst they buildings

remain unsafe. building ensures in barking rocketed from 70,000 to 650,000, a 900% hike injust two years. the abi has told me that ministers have refused to engage to find an urgent practical way forward now. will the minister assure us today that the government will immediately engage with all insurers, take on some of that short—term risk so that leaseholders can buy affordable cover until they are buildings are made safe? flan can buy affordable cover until they are buildings are made safe? can i -a are buildings are made safe? can i pay tribute — are buildings are made safe? can i pay tribute to _ are buildings are made safe? can i pay tribute to her _ are buildings are made safe? can i pay tribute to her for _ are buildings are made safe? can i pay tribute to her for the _ are buildings are made safe? can i pay tribute to her for the work she has done, she and i have worked together since the terrible fire that her constituents offered in barking. she is right to raise the issue of insurers, as others have done already, there is a challenge because as with the lenders,

insurers are faced with assessing a new and heightened level of risk. but i do think the association of british insurers now needs to step up british insurers now needs to step up and take a proportionate risk—based approach. as i have said repeatedly, the risk to life in buildings is very low, mercifully, with the tragic exception of 2017. insurers should be prising that risk correctly and not passing on those costs are profiteering on the backs of the leaseholders. we have engaged with insurers, myself and lowered greenhouse who leads and building safety, and we will do so again. —— lord greenhouse. abs, safety, and we will do so again. -- lord greenhouse.— lord greenhouse. a significant intervention _ lord greenhouse. a significant intervention and _ lord greenhouse. a significant intervention and the - lord greenhouse. a significant intervention and the relief- lord greenhouse. a significant intervention and the relief it l lord greenhouse. a significant i intervention and the relief it will bring to so many people, does he agree with me we have established a very important principle today that if developers ever behave in this

type of manner again, the government will come after them and not the hard—pressed taxpayer to put these issues right? my my right honourable friend is absolutely right. all feel immense sympathy for the leaseholder. they are innocent parties in this situation. but it is also not right that the taxpayer, the broader taxpayer, many of whom are not homeowners at all, has to step in and foot the bill. we have tried to strike a balance today and ensure that the developers, the industry behind this pays a fair share. in the building safety bill we are putting forward later this year, we will bring forward a very tight regulatory regime so buildings, those over 18 metres, high—rise buildings, are built to a high standard and these issues do not happen again. standard and these issues do not happen again-— standard and these issues do not happen again. leaseholders in my constituency _ happen again. leaseholders in my constituency had _ happen again. leaseholders in my constituency had been _ happen again. leaseholders in my constituency had been tracked - happen again. leaseholders in my constituency had been tracked for|

constituency had been tracked for the third lockdown in a terrible