Summary
Housebuilder Taylor Wimpey has flagged up fears over planning delays and spending cuts as the group wrestles with "ongoing political and economic uncertainty". The firm said the property market had shown an "encouraging level of stability" since April, but warned a shortage of land with planning consent and potential changes to planning policy could "artificially constrain" a recovery in industry volumes.
Taylor Wimpey is also "concerned" over the coalition's looming spending review which could see the axe fall on housing initiatives and social housing grants. In 2009, one-sixth of the firm's 10,189 legal completions were affordable housing.See the full content of this document
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Housebuilding Firm 'Cautious' Over Economy
The firm reported a slow improvement in mo...
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