Plans to abolish the “feudal” system of leaseholds across England and Wales have been dropped after a battle between Downing Street and Michael Gove.
The levelling up and housing secretary will still announce a range of measures to reform residential leaseholds, as part of a major speech next month.
But, after months of bruising party rows over housing, Gove will stop short of abolishing leaseholds altogether, despite a pledge made in January to end the tenure this year.