The news of the £3.5 billion cladding bailout by government has been widely criticised as insufficient for leaseholders.

Criticisms were also aimed at the new tax announced on the residential development sector, which is set to be introduced next year to help pay for combustible-material remediation on tower blocks. 

Jonathan Frankel, head of property litigation at Cavendish Legal Group, said the cash pot announced this week by housing secretary Robert Jenrick was “completely insufficient to deal with even a fraction of the blocks up and down the country where these repairs must take place”.

He added: “The fact that it only applies to buildings over 18 metres will cause even more uncertainty...

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