Source · Select Committees · Housing, Communities and Local Government Committee
Recommendation 14
14
Paragraph: 44
The new guidance on EWS1 forms alone is not sufficient to mitigate the short-term and...
Recommendation
The new guidance on EWS1 forms alone is not sufficient to mitigate the short-term and long-term impacts that the underlying uncertainty around building safety is having and will have on the wider housing market. We ask the Government to report back to this Committee with its assessment of the impact of fire safety remediation on the wider housing market. The Government should ask the Prudential Regulation Authority to assess the impact of fire safety remediation on banking capital ratios.
Paragraph Reference:
44
Government Response
Acknowledged
HM Government
Acknowledged
The Government will continue to fund cladding remediation through the Building Safety Fund for buildings above 18 metres, as well as providing funding for 11-18 metre cladding removal through the building safety levy. We note the Committee’s recommendation that the government should consult on the impacts of the building safety levy on housing provision. The government launched a consultation, which closed on 15 October 2021 to seek views on the design of the levy and gain evidence of possible impacts on housing supply and regeneration and the housebuilding industry. We are considering the feedback we have received, as well as the impact of the changes to the levy and will update in due course.