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Birmingham Post
Birmingham Post
Business
Tom Pegden

Barratt Homes giving staff second £1,000 cost-of-living payment

Barratt Developments is set to give its workforce a second £1,000 payment to help with the cost of living crisis.

The Leicestershire housebuilder – which last month forecast that pre-tax profits for the year were set to be around £972 million – said some 95 per cent of staff would benefit.

David Thomas, chief executive officer of the Leicestershire-based firm, told staff in a letter on Tuesday that they will receive the money in equal instalments over the first half of 2023.

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