Housebuilder Taylor Wimpey saw the sharpest climb in the FTSE 100, as the market seemed to respond with greater confidence following a £24bn bump in the Budget.
Chancellor Sunak reconfirmed a number of big hitters from earlier this year, including the £11.5bn affordable homes programme, £5bn for cladding remediation and a further £1.8bn added to the brownfield fund.
Taylor Wimpey shares rose 2.7% to 156p, with Vistry up 2.3% and Persimmon rising 1.6%, with further rises from Barratt Homes, Bellway and Redrow.
Capital & Counties continued its climb from last week, rising a further 2.2% to 166.9p. The biggest listed REITs also responded positively, with small gains for both British Land and Land Securities, both up 0.4%.
Finally, Wetherspoon’s climbed 5.3% to 1,039p, following news of a new 99p pint, despite rising pub costs.
The FTSE 100 dipped 0.3% to 7,253 and the FTSE 250 saw a small increase of 0.1% to 23,172.
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