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Labour shelves plan to restrict foreign buyers of new flats

The Labour Party has downgraded its manifesto pledge regarding the sale of new residential developments to international investors.

  • Labour has shelved its plan to restrict foreigners buying new flats.
  • The party downgraded a manifesto pledge concerning the sale of entire developments to international investors.

The Labour Party has reportedly shelved its plan to restrict foreign individuals from purchasing new flats. This move represents a downgrade of a previous manifesto pledge.

The original pledge aimed to address what the party described as the 'farce of entire developments being sold off to international investors'.

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