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Housing Today
Trusted media brand of the Chartered Institute of Housing
Kier blames budget cuts for housing revenue dip
The contractor said the housing maintenance market “continues to be influenced by the budgetary pressures experienced by housing associations and local authorities”.
Contractor Kier has blamed budgetary pressures among housing associations and local councils for a dip in revenues at its developments and housing arm.
The operation, which covers property development, residential housebuilding, housing maintenance and environmental services, reported turnover for the six months to the end of December last year of £419m, down 19%.
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