Building chief hails Labour ‘ambitions'

TAYLOR WIMPEY today backed the government’s push to build 1.5 million homes in the next five years as the FTSE 100 developer revealed a sharp drop in profits.

- Michael Hunter

But the £6 billion firm stood by its own plans to complete up to 10,000 properties this year.

Its chief executive, Jennie Daly, called Labour’s plans for homes — as outlined by Angela Rayner in the House of Commons this week — “ambitious” and “much needed”, adding: “It is very pleasing to hear the deputy prime minister recognising, alongside the chancellor, that planning has been a major barrier to economic growth, and having a series of measures … I think it levels the playing field. This is an excellent start.”