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.
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.