London Daily

Focus on the big picture.

Housebuilders to meet Hunt for talks as industry tax bill soars

Housebuilders to meet Hunt for talks as industry tax bill soars

The bosses of companies including Barratt Developments and Persimmon will meet Jeremy Hunt on Tuesday amid industry disquiet at its soaring tax bill.
The bosses of Britain's biggest housebuilders will hold talks with the chancellor this week as they face a multibillion-pound bill in the form of several new levies.

Sky News has learnt that the executives from companies including Barratt Developments, Fairview and Persimmon will meet Jeremy Hunt on Tuesday.

The Home Builders Federation (HBF), the leading industry lobbying group, will also attend the meeting.

Mr Hunt's discussions with the housebuilding bosses will come just days after the companies received a final legal contract from the government to oblige them to spend around £2bn to fix fire safety defects on high-rise buildings.

Michael Gove, the levelling-up secretary, has given companies until mid-March to sign the contract or face a ban on commencing new construction work.

The meeting with the chancellor will also come just weeks before the Budget, with the HBF having labelled the autumn statement in November as "a wasted opportunity".

In its Budget submission, the HBF called on Mr Hunt to introduce a new home ownership scheme targeting first-time buyers.

It also criticised the proposed £3bn Building Safety Levy, saying it was "concerned about the fairness of the industry being hit with another levy".

"While the government has committed to a 'polluter must pay' principle, to date no sectors or actors other than UK home builders have made any contribution," it said.

"This includes the product manufacturers generally, as well as those described by the secretary of state as 'the three cladding and insulation firms most closely associated with the refurbishment of Grenfell Tower'.

"Indeed, it is only the private home building industry which has been repeatedly targeted for contributions, which likely now total £5bn worth of commitments to buildings they have built and those developed by foreign developers."

Tuesday's meeting will be Mr Hunt's first summit with the industry since he was appointed to the job last autumn, and takes place at a time when members of Labour's front-bench team are furiously courting business leaders.
Newsletter

Related Articles

London Daily
0:00
0:00
Close
Kate Middleton's Public Absence Throughout 2024
Asylum Seekers Arriving In UK by Sea Exceed 10,000 This Year
UK Criticizes ICJ Order on Israel's Rafah Assault
Ukraine's Fight Against Corruption Gains Ground Amid War
Czech President Petr Pavel Injured in Motorcycle Accident
Record Number of Abortions in England and Wales
Paul McCartney Honours Bruce Springsteen at Ivor Novello Awards
US and UK to Reject ICJ Ruling on Israel's Rafah Offensive
World Court Orders Immediate Halt to Israeli Offensive in Gaza
Understanding FLiRT COVID Variants and Their Impact
Baltic NATO Members to Construct 'Drone Wall'
Global Life Expectancy Dropped By 2 Years Due To COVID-19
Macron Halts New Caledonia Voting Reform After Riots
Rishi Sunak Shelves Rwanda and Smoking Policies Ahead of Election
US Refuses World Court Jurisdiction
China Conducts Surprise Military Drills Around Taiwan
Grim Polls Predict Major Loss for PM Rishi Sunak
Rishi Sunak's Campaign for UK Election: Key Issues Highlighted
German Property Crisis Worsens as Foreign Investment Declines
Princess of Wales's Taskforce Calls for Business Investment in Early Childhood
Campaign Groups Condemn UK Report on Protests
Former Royal Marine Charged with Espionage Found Dead
Australian PM Calls for Julian Assange's Freedom
ICC Seeks Arrest Warrants for Israeli and Hamas Leaders
UK's Infected Blood Scandal: Conclusion Nears After Seven Years
Julian Assange Granted Right to Challenge US Extradition
Congo Army Thwarts Attempted Coup Involving Americans and a British Citizen
Ireland's Homeless Gain Voting Rights
Blinken orders crackdown on Israel-Hamas leaks
Julian Assange Faces US Extradition: Key Facts
Jacob Zuma Takes Campaign to ANC Stronghold Soweto
Attempted Assassination of Slovakia PM Robert Fico: Investigation Ongoing
What Happens If an Iranian President Dies in Office?
Spain Recalls Ambassador After Argentina President's Remarks
Rishi Sunak Faces Cabinet Backlash Over Proposed Changes to Foreign Student Visas
Rwanda Denies Entry to Human Rights Researcher
Iranian President Ebrahim Raisi Reportedly Killed in Helicopter Crash
Blue Origin Resumes Space Tourism with 90-Year-Old Ed Dwight
Rishi Sunak and Wife Akshata Murty Wealthier Than King Charles
New Dutch Government Drives Wedge Through EU Liberals
Iranian President Raisi Missing After Helicopter Goes Down
Freemasons and ‘Global War Party’ Accused of Conspiring Against Georgia
Poland Supports Rolls-Royce's Nuclear Power Plant Initiative
European Ports Overflow with Unsold Electric Vehicles
Esprit Files for Bankruptcy in Europe, Putting Hundreds of Jobs at Risk
Chevron Halts North Sea Drilling Amid Rising Tax Burden
Jeremy Hunt Accused of Exaggerating Conservatives' Economic Record
Victoria Atkins Discusses Historical Gender Bias in the NHS
Dublin and Monaghan Bombings 50th Anniversary: Calls for Justice
Rishi Sunak and Akshata Murty’s Wealth Rises to £651 Million
×