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Barratt chief Mark Clare can't decide between Tories and Labour

Barratt chief executive Mark Clare said today that it is still too early to know whether Labour or the Conservatives would be better for housebuilders.

After revealing Barratt’s latest half year results today, which showed a 33 per cent drop in turnover, Mr Clare said he would need to see a full Conservative manifesto before making a decision between the parties.

Mr Clare said the Tory Planning Green Paper revealed this week showed the Conservatives, like Labour, were “of the opinion that we need to build more homes”.

He said: “Clearly the Conservatives are looking to change the planning process – I think everybody agrees that improving that would be a good thing.

“They, like the current Government, are also of the opinion that we need to build more homes.

“We are in dialogue with both parties. It is not yet clear what will be the best outcome for housebuilders without further information on the Conservative party.

“We need to know their policies on bringing land forward to the market and what are their policies on supporting lenders. We need the full Conservative party manifesto.”