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Housing minister Kevin Stewart is calling for the UK Government to reduce VAT charged on construction works to existing buildings to 5% to support the sector's recovery from the coronavirus pandemic. In a letter to chancellor of the exchequer Rishi Sunak, Mr Stewart said that while success

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Housebuilder Barratt Development is looking ahead with "cautious optimism" and renewing its focus on medium-term targets after revealing it took a £74.3 million hit on COVID-19-related costs. The company said pre-tax profit had fallen by 46% to £492m for the year to 30th June 2

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