Taylor Wimpey plans £20m cost-cutting drive as market conditions tighten

By Carl Brown2023-01-13T09:15:00

Source: Shutterstock

Housebuilder also warns Gove’s planning policy overhaul will lead to shortfall in sites

Taylor Wimpey is planning to make £20m of efficiency savings a year in response to worsening market conditions.

The £4bn-turnover housebuilder today announced it has started a consultation on the unspecified proposals. It said it has already increased cost scrutiny, reduced its land commitments and is “closely controlling the release of investment in work in progress”.

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