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.
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.
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.
Persimmon Plc , the U.K.’s biggest homebuilder by market value, rose the most in almost two months in London trading after first-half sales jumped 26 percent and its profit margin widened more than some analysts expected.