Housebuilders vow to pay £100m after probe into information-sharing

Yorkshire Post

Seven housebuilders have pledged to pay a record £100 million to help fund affordable new homes after an investigation into whether they shared commercially sensitive information.

Transcript

00:00Hello, I'm Greg Wright of the Yorkshire Post. Some major breaking news this morning.

00:06Seven house builders have pledged to pay a record £100 million to help fund affordable new homes

00:14after an investigation into whether they shared commercially sensitive information.

00:20The Competition and Markets Authority said the developers Barrett, Redrow, Bellway, Barclay Group,

00:29Bloor Homes, Persimmon, Taylor Wimpey and Vistry offered the payment as part of a package of

00:36commitments to address concerns following the probe which was launched last year. The payment

00:43which is set to go into affordable housing programmes across the UK will be the largest

00:48ever secured by the CMA through commitments from firms under investigation.

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