Barratt Reveals Extra Grenfell Cladding Works Bill Amid Profit Cheer

Barratt Reveals Extra Grenfell Cladding Works Bill Amid Profit Cheer
Barratts building work in the Ronkswood area of Worcester, England, on Jan 17, 2014. David Davies/PA
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Housebuilder Barratt Developments has revealed a further hit for cladding safety works after the Grenfell Tower disaster, taking its total annual bill to more than £80 million ($110.9 million).

The group said it is setting aside around another £30 million ($41.6 million) for remedial works in the second half, leading to a full-year provision of about £81 million ($112.3 million).