A top Treasury official has hit out at large housebuilders, claiming they are holding onto land and refusing to increase housing supply in order to boost their profits. The broadside, which echoes the Labour party's critique of housebuilders, suggests frustration may be growing in Whitehall with the industry, as housing supply continues to fall short of demand despite significant government support. Last year, around 160,000 homes were completed - an increase on previous years but still well short of the estimated 220,000-250,000 that are needed to meet demand.
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