UK Labour's 1.5mn homes pledge 'effectively dead' as target slips

The UK Labour government's manifesto commitment to build 1.5 million homes by 2029 is now widely seen as unattainable, with the FT reporting the target is 'effectively dead'. This marks a significant political setback for the government, undermining a core domestic policy promise and potentially affecting its credibility on economic growth. The exact shortfall and any revised target remain unclear.

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