Britain's biggest housebuilders are poised to dish out a
record £2.6 billion in dividends to shareholders this year – despite failing to
tackle the housing crisis. The staggering amount to be handed out mainly to
City investors in 2019 – largely as a result of taxpayer-funded schemes – is
enough to build 11,400 houses. It is vastly higher than the £50 million paid
out in 2012 – a year before the controversial Help to Buy scheme was launched.
Critics say the scheme has fuelled house price rises, boosting the profits of
builders who now have so much spare cash they have heavily ramped up returns to
shareholders rather than building extra homes. Read more on the Thisismoney
website.
Polls open in Clacton, where Farage spent more than £10,000 in byelection
against Count Binface – as it happened
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The Reform UK leader resigned as the MP for Clacton at the start of July
and forced a byelection
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