Barratt to build fewer houses this year despite Labour pledge to fix shortage

Housebuilder cites economic and political uncertainty as expected number of completed homes drops by up to 7%

• Business live - latest updates

Barratt Developments, Britain's biggest housebuilder, expects to build fewer houses this year despite Labour's pledge to build hundreds of thousands more.

Its shares were the biggest faller on the FTSE 100 index on Wednesday, dropping by 2.9%, and later trading 1.2% lower.