Shares in housebuilders sink as economists predict further rate hike

By Carl Brown2022-09-26T11:39:00

Source: Shutterstock

Market braces for higher interest rate increases than originally expected

The share prices of Britain’s largest housebuilders have fallen by around 5% following the market reaction to last week’s mini-budget.

Prices fell from Friday afternoon, following the drop in the value of the pound after Kwasi Kwarteng tax-cutting programme.

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