Planning Headache: The London Rush

Hi, I’m Louise from Bloomberg UK’s breaking news team, catching you up on this morning’s business stories.

Will Labour be able to fix the UK’s housing crisis?

Housebuilder Barratt warned it will build fewer homes next year, saying the macro backdrop “remains challenging.”

In a demonstration of a broken system, Bloomberg’s Damian Shepherd has a cracking story on how Britain’s biggest developers are increasingly splashing cash on a costly service to avoid delays.

Both stories highlight just how desperate homebuilders are to get things moving — and just how big of a challenge the new government faces.

That’s not to say Barratt snubbed Labour. It ...