U.K. homebuilders fell the most in 10 months, led by Persimmon Plc and Taylor Wimpey Plc, after Bank of England Governor Mark Carney signaled borrowing costs may start to rise earlier than anticipated. That would limit the amount homebuyers can borrow and could stifle value gains.
The British government’s plan to help reduce down payments for new homes to as low as 5 percent will give a boost to a homebuilding industry that’s learned how to survive a slowing economy and four years of stingy credit.
It’s impossible to know how many tens of thousands of European women were killed as witches, but it was clearly a growth industry. During the 17th century, Puritan Matthew Hopkins set himself up as “Witchfinder General,” moving from town to town throughout Britain, zeroing in on possible suspects.
Prime Minister David Cameron’s plan to bolster U.K. homebuilding through investment and mortgage guarantees was hailed as a “lifeline” by an industry group after it was introduced yesterday. Shares in all the largest house builders fell.