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John Healey faces at least £1.6bn Budget hit from housebuilding shortfall

Verifying
  • John Healey faces a potential Budget reduction after housebuilding forecasts deteriorated.
  • The projected shortfall exceeds 400,000 homes, or roughly 36% of the OBR forecast.
  • The OBR has consulted housing-market experts ahead of a possible Budget forecast downgrade.
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