Finance
UK's Barratt Redrow warns budget uncertainties heighten fiscal 2026 sales risks
Published by Global Banking & Finance Review®
Posted on September 17, 2025
2 min readLast updated: January 21, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on September 17, 2025
2 min readLast updated: January 21, 2026
Barratt Redrow warns of fiscal 2026 sales risks due to UK budget uncertainties, with potential stamp duty hikes adding pressure to the housing market.
(Reuters) - Britain's largest homebuilder Barratt Redrow on Wednesday said uncertainties from the UK's upcoming November 26 budget have added to sales risks for fiscal 2026 in a market already weighed by weak buyer confidence.
With inflation still elevated, interest rates high, and consumer sentiment shaky, UK homebuilders have had to contend with a cooling market and renewed affordability concerns.
Fears of potential hikes to stamp duty in the budget are also adding to the pressure, raising the risk of a deeper slump in new home sales.
"While the housing market remains challenging and we anticipate limited growth in FY26, the long-term fundamentals of the sector remain compelling," said CEO David Thomas in a statement.
The company, which is reporting annual results for the combined group for the first time since its merger with Redrow last year, reported revenue of 5.58 billion pounds ($7.61 billion for the year ended June 39 from 4.17 billion pounds a year earlier.
It reported adjusted pre-tax profit and charges of 591.6 million pounds for the period, ahead of market expectations of 515.7 million pounds according LSEG data.
($1 = 0.7334 pounds)
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Janane Venkatraman)
Barratt Redrow indicated that uncertainties from the UK's upcoming November 26 budget have increased sales risks for fiscal 2026.
The UK housing market is facing challenges due to elevated inflation, high interest rates, and shaky consumer sentiment, leading to a cooling market and affordability concerns.
Fears of potential hikes to stamp duty in the budget are adding pressure and raising the risk of a deeper slump in new home sales.
Barratt Redrow reported a revenue of 5.58 billion pounds ($7.61 billion) for the year, marking the first annual results since its merger with Redrow.
The company anticipates limited growth in FY26 due to the challenging housing market, although CEO David Thomas noted that the long-term fundamentals of the sector remain compelling.
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