Reflecting the drop-off in sales, Barratt's order book has fallen by a third to £2.67 billion, compared with £4.11 billion this time last year. An interim dividend, which as expected was cut by 8.9 per cent to 10.2p per share, will be paid in May. Despite the property market slowdown, Barratt still has close to £1 billion of cash on its balance sheet.