Taylor Wimpey plans £20m cost cutting drive

Taylor Wimpey is considering plans to cut £20m in costs as the housing market tightens.
The news came in a trading update this morning which also highlighted improved operating margins last year.
The firm said: “As market conditions changed at pace in the third quarter we acted quickly and decisively implementing even tighter cost scrutiny, significantly reducing land commitments, and closely controlling the release of investment in work in progress.  “As we focus on