I would so that maybe you are kneading too much. or it could also be that your yeast is no good anymore. how long do you let it rise for? I have a minimum of 2 hours for nice fluffy wuffy bread haha. Maybe some new yeast? or are you adding too much heat to the yeast with the warm milk? sometimes too much warmth can kill it.
my bread recipe is just flour, yeast and water and a pinch of salt...so yours might be too different for the things I am mentioning to be a problem? but yeah, i would make sure that you are not overkneading and that the yeast is still ok.
Look up Simply no Knead for their bread improver the improver in the supermarkets have nasties in them. I agree with the others scrap the second knead. After the first rise, I just knock it back and put it in the loaf tin and rise again.
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