Gove piles pressure on cladding firms and warns shareholders of ‘consequences’ if they don't pay up

By Daniel Gayne2023-04-21T00:01:00

Kingspan, Arconic and Saint-Gobain have yet to commit money towards repairs

Michael Gove has warned the shareholders of three cladding firms of “severe consequences” if they fail to put forward a comprehensive financial package to help fix unsafe buildings.

The housing secretary has written to investors in Kingspan, Arconic and Saint-Gobain and urged them to use their “position of influence” to encourage the firms to “engage constructively in helping us reach a just resolution for all concerned”.

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