Builder condemned for making massive gains from taxpayer-funded programme
Housebuilder Persimmon made a record-breaking £1bn profit last year – equal to more than £66,000 on every one of the homes it sold – with almost half of its house sales made through the taxpayer-funded help-to-buy scheme.
The York-based builder, which sparked widespread public and political outrage for attempting to pay its former chief executive Jeff Fairburn a bonus of £110m, posted pre-tax profits of £1.09bn.
Related: Help-to-buy should be axed as Persimmon profits pass £1bn | Nils Pratley
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