Building Safety Defects: Costs

Lord Hendy Excerpts

Monday 18th October 2021 Lords Chamber

[Lord Greenhalgh (Con)]

My Lords, I recognise the plight that leaseholders in social housing face, particularly those who are shared owners and have only a proportion of the equity. We made it part of our approach to funding for unsafe cladding beyond aluminium composite material that those costs are borne by the registered social landlords if they are not able to recoup the money from developers. We will continue to urge that these people are protected wherever possible.

[Lord Hendy (Lab)]

My Lords, given the multiple failures of organs of the state revealed in the Grenfell Tower inquiry—through failure to implement the findings of coroners’ inquests, failures of the building regulations, failures of building control and so on—surely the obvious answer is for the Government to establish a fund to pay out to all those who deserve compensation and to use those resources to sue those who are responsible.

[Lord Greenhalgh (Con)]

My Lords, I do not think it is as simple as that this was at the hands of failed regulation, although we recognise that there was regulatory system failure. That is why we are bringing forward the Building Safety Bill. We have put a substantial amount of money towards remediation costs, and we will do what we can to pursue those that have caused this crisis in the first place.