Khan calls for developer tax to pay for fire safety work

sadiq khan

Mayor of London says tariff could be paid over next ten years

The mayor of London has called for a £3bn levy on housebuilders to pay for the cost of necessary fire safety work on high rises in the wake of the Grenfell tragedy.

Sadiq Khan said a one-off 10% tax on the £30bn of profit made by listed builders over the last decade would raise £3bn that would stop homeowners from facing “extortionate” bills to rectify unsafe homes.

This content is available to registered users | Already registered?Login here

You are not currently logged in.

To continue reading this story, sign up for free guest access

Existing Subscriber? LOGIN

REGISTER for free access on selected stories and sign up for email alerts. You get:

  • Up to the minute architecture news from around the UK
  • Breaking, daily and weekly e-newsletters

 

Subscribe to Building Design and you will benefit from:

Gated access promo

  • Unlimited news
  • Reviews of the latest buildings from all corners of the world
  • Technical studies
  • Full access to all our online archives
  • PLUS you will receive a digital copy of WA100 worth over £45

Subscribe now for unlimited access.