Barratt moves into £150 million pact with Lloyds Bank and Homes England t

Developers are bracing to help the government hit its 1.5 million new homes target Barratt Developments said it set up a £150 million joint venture with Lloyds Bank, the major mortgage lender, and Homes England, the government agency. It is one of the biggest moves so far in the industry as it gears up for Downing Street’s plans to build 1.5 million homes in the next five years. Angela Rayner, the deputy prime minister and housing and communities secretary, is responsible for hitting the target. She has already pointed to...