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Barratt job losses rattle foundations of building sector

The battered UK housebuilding sector suffered another blow yesterday when Barratt Developments and two other firms said they planned to cut more than 1200 jobs as they push for cost cuts to endure a rapidly worsening market.

The battered UK housebuilding sector suffered another blow yesterday when Barratt Developments and two other firms said they planned to cut more than 1200 jobs as they push for cost cuts to endure a rapidly worsening market.