Taylor Wimpey, Berkeley sign UK cladding pledge
Taylor Wimpey
131.95p
16:35 14/11/24
Housebuilders Taylor Wimpey and Berkeley said on Tuesday that they had signed the UK government's pledge to make properties safe following the Grenfell Tower fire.
Berkeley Group Holdings (The)
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16:35 14/11/24
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Persimmon
1,270.00p
17:00 14/11/24
Earlier, Persimmon also said it had signed the pledge, and stuck to its £75m estimate for the cost of carrying out the work.
Taylor Wimpey said it expects additional commitments to result in a further provision of around £80m, taking the total provided for fire safety remediation works to around £245m.
"We will continue to work with building owners, management companies and leaseholders and remain committed to resolving these issues as soon as possible for our customers. We will maintain a constructive dialogue with Government aimed at achieving a satisfactory resolution to remaining fire safety issues," it said.
"We continue to believe this is an industry-wide issue involving many types of organisations and therefore needs an industry-wide solution."