Taylor Wimpey says Labour’s planning changes ‘important early step’ for more homes

Taylor Wimpey said in its update that it expected to hit the upper end of its previous target of achieving between 9,500 and 10,000 home completions this year. Photograph: Julian Eales/Alamy

Taylor Wimpey has welcomed Labour’s planning proposals as an “important early step” to delivering more homes across England, as its half-year profits fell by nearly 60%.

The UK’s second-biggest housebuilder said the new government’s proposed changes to the National Planning Policy Framework (NPPF) marked an important move to address the negative impact that planning changes brought in by the Conservative government had had on housing supply.