Gove announces plan for £3bn developer levy

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Plan revealed as housing secretary says 35 housebuilders now signed up to cladding pledge

Michael Gove has announced plans for a £3bn levy on residential development as his department said it had now signed up 35 major housebuilders to its pledge to remediate flat blocks hit by the fire safety crisis.

The housing secretary said his new building safety levy, to use powers being brought in under the current Building Safety Bill, would raise around £3bn over the next 10 years.

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