Watkin Jones blames Kwarteng’s mini-budget for annual revenue and profit falls

Richard Simpson Chief Executive of Watkin Jones

Student accommodation and build-to-rent group Watkin Jones has blamed Kwasi Kwarteng and Liz Truss’ mini-budget on a last-minute hit on the group’s annual figures after revealing falls in both revenue and profit for its last financial year.

Richard Simpson, chief executive of Watkin Jones, told Property Week that the collapse of two sales immediately following the collapse of the sales turned revenue and pre-tax profit gains for the year to the end of September into falls.

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