Question to the HM Treasury:

To ask the Chancellor of the Exchequer, whether the revenues from the proposed Residential Property Developer Tax will be (a) made available to pay for fire safety remediation work in addition to the Building Safety Fund or (b) used to fund the existing £5.1 billion commitment.

The Residential Property Developer Tax (RPDT) will raise at least £2 billion over the next decade to help fund the £5 billion package of funding that was announced in February 2021 for the removal of unsafe cladding from the highest risk buildings.

As announced in February 2021, the RPDT is one of two new revenue raising measures, alongside the Building Safety Levy, which will help to ensure that developers make a fair contribution to the costs of remediation.