UK Homebuilders Slump After First-Time Buyer Scheme Disappoints
Shares in British homebuilders fell after Finance Minister John Healey's scheme drew investor disappointment over limited funding, a later-than-expected rollout and higher-than-anticipated fees.
By Simone Lobo and Raechel Thankam JobShares in British homebuilders slumped on Wednesday after finance minister John Healey's much-awaited scheme for first-time homebuyers disappointed investors with limited funding, a later-than-expected rollout and higher fees than developers anticipated.Healey…