The importance of the Help to Buy scheme to Britain’s construction groups was underlined yet again yesterday when Taylor Wimpey became the latest to announce a record profit.
The Buckinghamshire-based housebuilder reported a 5.5% rise in pre-tax profit to £856.8m in the year to December 31.
The average selling price of the 14,933 homes it sold, excluding joint ventures, was flat at £264,000, but the operating margin improved from 21.3% to 21.6%. Revenue increased by 2.9% to £4.1bn.
