UK housebuilder’s stocks surge on new homes scheme for first-time buyers – business live

Rolling coverage of the latest economic and financial newsGood morning, and welcome to our rolling coverage of business, the financial markets and the world economy.UK housebuilder stocks are flying this morning as investors rejoice at a new homes scheme for first-time buyers in England.The housebuilding sector has been beleaguered by a raft of headwinds ranging from higher mortgage rates and strained affordability to a slow planning process for new homes and the announcements have provided a rare and overdue relief rally from investors.”Today: Labour party conference day 27am BST: Aldi full-year results11am BST: MPC member Dave Damsden speaks in London on quantitative tightening Continue reading…