The Guardian Australia – Business
·business
·2 days ago
Barratt Redrow cuts land purchases, threatening Labour's housing ambitions
Barratt Redrow, the UK’s largest housebuilder, announced plans to significantly reduce land purchases this financial year amid geopolitical tensions, revising its target to 7,000-9,000 plots. The decision jeopardizes Labour's goal of building 1.5 million homes over five years. The company has also confirmed its £100 million cost-cutting initiative, reflecting broader industry challenges.
Summary by Glance · The Guardian Australia – Business
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