The company, which is Britain’s biggest housebuilder, reports its annual results on Wednesday September 4.
Row of new Barratt homes on a housing development in Hampshire, South East England, each one with a sold sign on the wall.Barratt Developments is expected to report a fall in home completions, but profits just ahead of previous expectations, amid a week of financial updates from UK housebuilders.
The projected fall comes despite respite from soaring building costs and Labour’s pledge to cut planning red tape. He said “things are worse than we ever imagined” because of a £22 billion “black hole” in the public finances, and said he found out in recent weeks that the Tories had borrowed almost £5 billion more than the Office for Budget Responsibility expected.
“However, the latest downbeat assessment of the UK’s finances by the new Government sent a wobble through housebuilding stocks amid concerns that it could prompt fresh wariness among buyers.
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