Former Bank of England economist outlines proposal to fix cladding crisis without billing leaseholders
Campaigners have designed a proposal to fund post-Grenfell cladding remediation through a system of levies and taxes following the provision of up-front funding for remediation work #ukhousing Dean Buckner, a former Bank of England economist, outlined the proposal which has been developed for the Leasehold Knowledge Partnership (LKP) charity at a meeting of MPs yesterday afternoon.
Tory MPs Stephen McPartland and Royston Smith are on the same page as LKP’s proposal:
It is astonishing that leaseholders have been left to cover 100% of the costs to make buildings safe. This should be the government’s responsibility. Recently, we started a campaign to support leaseholders living in high-rise private residential buildings that do not meet fire safety standards through no fault of their own.
Anyone who wants to see the APPG on leasehold reform and commonhold today can do so here.
Unfortunately, the recording omits the chair Seb O’Kelly paying tribute to LKP former chair Martin Boyd, who resigned last week after a vituperative and wrong attack in a formal setting, which is now the subject of complaint.
The speakers were: Michael Wade, government adviser on funding the cladding remediation; Ritu Saha, founder of the UK Cladding Action Group; and Dean Buckner, LKP trustee, on alternatives to making leaseholders take out loans.
The Passcode: U$p0+snF
Dean Buckner’s presentation, effectively a summary, is here:
Dean Buckner and team members Lucy Brown and Liam Spender full presentation is here: