England's housing developers have been given an ultimatum - commit to repairing unsafe buildings or be banned from operating in the market.
Developers now have six weeks to sign a government contract to fix their unsafe buildings from the past 30 years.
According to the government's new plan, homeowners living in buildings whose construction poses a potential fire risk will be reimbursed, and building companies who installed the unsafe cladding must pay to replace it with a safer material.
— BBC
Speaking to the press on Sunday, UK Housing Secretary Michael Gove admitted “faulty” guidance was to blame for the Grenfell Tower tragedy, stating his opinion that the building industry had gone underregulated for years. Cladding manufacturers like Celotex and Kingspan were not included in the mandate. Gove said the government will be committing a total of £5 billion ($6.15 billion) towards the effort.
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