Barratt hits £1bn pre-tax profit for the first time

Britain’s biggest house builder Barratt has delivered record adjusted pre-tax profit, breaking through the £1bn ceiling.
But after taking account of £408m in costs related to legacy property repairs and the building safety pledge, statutory pre-tax profit in the year to 30 June 2022 was reported at £642m, down from £812m previously.
Barratt said it had also responded to the cost of living crisis offering all staff below the senior management team a temporary £