Labour's planning reforms are not enough, says Britain's biggest housebuilder

Britain's biggest housebuilder, Barratt Redrow, has reduced its home sales outlook and slowed land acquisitions. Despite a strong start to the year, the company reports that the Iran war has negatively impacted consumer confidence. Furthermore, Barratt Redrow asserts that Labour's planning reforms are insufficient. The firm expects that affordability pressures and higher mortgage rates will continue to affect customer confidence within the housing market throughout the coming year, hindering overall growth in the sector.