Berkeley profits peak, as Pidgley slams government housing policy

Tony Pidgley

Source: Phil Weedon

Berkeley Group has revealed a 15% rise in pre-tax profit, but has warned profitability will drop around 30% when it returns to what the housebuilder calls “more normal” levels in the current financial year.

The upmarket developer has also slammed government housing policy, claiming stamp duty and warning Brexit could lead to an actue shortage of labour in the industry.

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