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The Guardian - UK
The Guardian - UK
Business
Julia Kollewe

Barratt to build fewer houses this year despite Labour pledge to fix shortage

Barratt United States Pete Redfern David Thomas Liz Truss Nick Roberts Travis Perkins Bellway Crest Taylor Wimpey
Builders stand on scaffolding as they work on the roof of a house on a housing development
The housing market is still recovering from the aftermath of Liz Truss’s unfunded budget in September 2022. Photograph: Phil Noble/Reuters

Barratt Developments, Britain’s biggest housebuilder, expects to build fewer houses this year despite Labour’s pledge to build hundreds of thousands more.

Its shares were the biggest faller on the FTSE 100 index on Wednesday, dropping by 2.9%, and later trading 2.2% lower.

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