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Gove warns shareholders of ‘consequences’ if cladding firms don’t pay up

By 2023-04-21T12:49:00

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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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