<p><span>Bellway is the latest housebuilder to announce a cut to directors’ pay in response to the coronavirus crisis, with the money to go to charity.</span><span></span></p> <p><span>The firm said that, “in light of the Covid-19 crisis and its extraordinary impact on the business and the wider economy”, its board of directors had agreed to a 20% decrease in basic salary and fees from April 1 to May 31, which would be donated to various charities.</span><span></span></p> <p><span>“The company will match-fund the donations with a contribution to its national charity partner, Cancer Research UK, <span><span>whose important work and fundraising capacity has been adversely impacted by the Covid-19 pandemic”, Bellway said.</span></span></span><span></span></p> <p><span>Announcing its half year results on March 25, the business said the pandemic would cause “a period of substantial disruption”. During the six months to January 31 2020, its revenue lifted </span><span>3.6% to £1,541.4 million against the previous year, with pre-tax profit dropping 7% to £291.8 million.</span><span></span></p> <p><span>Its housing completions rose 6.3% to a “record” 5,321 homes.</span><span></span></p>