Redrow boss calls Gove’s cladding threats ‘unrealistic’ and ‘inequitable’

By Joey Gardiner2022-02-11T07:01:00

Housebuilder’s chief executive becomes first to speak out against threat to stop housebuilders trading

Michael Gove’s attempt to force housebuilders to pay £4bn of fire safety repair costs by threatening to stop firms trading is “unrealistic” and “inequitable”, according to the chief executive of Redrow.

Matthew Pratt yesterday became the first listed housebuilder chief executive to speak out publicly against the housing secretary’s plan, under which a senior communities department official wrote to housebuilders last week urging them to sign up to a heads of terms financial agreement drawn up by the department.

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