THE GOVERNMENT has launched a new £3.5bn fund to 'fix cladding on high-rise buildings', while money will also be provided for loans to leaseholders 'to address problems in shorter buildings'. It said that the plans, namely a five point strategy, aimed to 'provide reassurance to homeowners and confidence to the housing market'. Housing Secretary Robert Jenrick announced that the government would fund removal of combustible cladding 'for all leaseholders in high-rise buildings' above 18m, while a new levy and tax on developers would 'ensure industry contributes'. The measures were designed to 'boost the housing market and free up homeowners to once again buy and sell their properties'.
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