Housebuilders rally as investors bet on Starmer’s new homes pledge
by Angela Monaghan and Richard Partington from on (#6P0CJ)
Labour's planning reforms positive' for sector while currency markets had priced in the election landslide
Housebuilders rallied sharply on the London stock market after Labour's landslide general election victory as investors bet that Keir Starmer's pledge to bulldoze planning rules and build 1.5m new homes would benefit the sector.
After the party secured a majority widely expected in financial markets, the FTSE 100 index of blue-chip companies and the pound edged higher on Friday while government borrowing costs remained roughly unchanged.
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