The world might seem to be a very bleak place if you are one of the subcontractors who received a letter from your housebuilding clients saying they were going to pay you less - in some cases up to 10%...
Taylor Wimpey's 5% cut on subcontractor rates looks set to be the first of several. Now Barratt has come out and said it will pay its subcontractors 3% less. So who will be next?