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Taylor Wimpey: help-to-buy means help-to-profit
The government's help to buy scheme doesn't address the housing crisis, notes SOLOMON HUGHES: it just boosts developers' profits
A Taylor Wimpey housing development

TAYLOR WIMPEY’S accounts are out, and they show again how the Tory-linked developers are heavily reliant on government support.

The accounts, covering 2020 but released this July, show turnover and profits are well down, thanks to Covid-19. 

But Taylor Wimpey are still doing OK: turnover dropped a third, to £2.79 billion. Profits dropped about two thirds, but still stand at £274m.

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