UK housebuilders face potential £15bn bill to make homes safe
Pressure builds in wake of 2017 Grenfell Tower conflagration caused by flammable cladding
London — Taylor Wimpey is covering repair costs for a defective London housing block that are additional to provisions it has made for potentially unsafe legacy developments in the wake of the UK cladding scandal.
The housebuilder is tackling fire-safety issues and other problems after persistent complaints that the development has been faulty since it was built. Those costs will not be covered by the £165m it has already set aside for safety issues, which applies to buildings that have become noncompliant since their construction, said a person familiar with the matter, asking not to be identified because the details are not public...
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