Mould misery as calls grow for action on botched insulation

Published On Oct 3, 2024, 7:02 PM

An 84-year-old woman, Tormooja Khatun, suffers severe property damage due to poor insulation installation under a UK government scheme. Her home is affected by black mold and other hazardous growths, with repair costs estimated over £100,000. There's a growing concern among MPs about the poor quality of work performed by insulation companies, which has affected thousands of homes, potentially creating a crisis due to ineffective regulations. Citizens Advice is urging government intervention to improve sector regulations and restore trust. Meanwhile, the company responsible for the insulation claims they are willing to resolve issues.

Stock Forecasts

The current issues in the insulation sector highlight a significant regulatory gap, prompting potential government interventions. Increased scrutiny and regulation may drive more business towards reputable companies focused on quality. Thus, firms with strong reputations in home improvement and insulation could benefit. Investors should look into companies like AEGON (AEG) that are involved in energy efficiency improvements or fund sectors focused on home safety and repairs.

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MPs and Citizens Advice urge the government to address regulation of the sector.