1/4 #EndOurCladdingScandal @Barrattplc reports this morning that it will pay a £76.3 million dividend for the half year ( https://bit.ly/2R1Hls2 ). That is nearly half the £200 million a year the government proposed to raise from its new Developer Levy. Half. From one developer.
2/4 The trading statement also reports a £163 million total hit to the bottom line from cladding & legacy issues. Around £100 million of that appears to relate purely to defective concrete frames in buildings like Citiscape.
3/4 The government can and should go much further with the paltry Developer Levy. It should also reform the law to make it easier to hold developers to account. None of the people involved in the current mess will learn anything unless there are consequences for actions.
4/4 Please think about that if you’ve not voted yet. Polls close at 10 p.m. this evening. It is #NotJustCladding. It is time to #EndOurCladdingScandal.
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