Great news. So then they won't be needing any more taxpayers money to 'revitalise' housebuilding

From Sky News:

Barratt Developments has reported an increase in annual profit to £191.1m - up 41.6% on the same period last year.

Revenues at the housebuilder - known for its new-builds - increased by 14.1%, while the average sales price of its homes rose from £178,300 to £180,000. It also managed to almost halve its net debt to £167.7m.

Government schemes to boost the housing market and a drive to build new homes on higher-margin land - in the South East for example - boosted its results, the company said. An increase in the number of homes it completed - 12,637 this year compared with 11,078 last year - also helped.

Via Paul at HPC