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Housebuilders rally as Burnham revives Help to Buy scheme
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Shares in FTSE 100 housebuilders Persimmon and Barratt Redrow jumped 15% and 13% in early trading after Prime Minister Andy Burnham announced a new Help to Buy scheme. The 'Your First Home' initiative aims to help first-time buyers purchasing new-build homes from developers signed up to the scheme. The FTSE 100 index ended down 0.1% at 10,684.88, with weak miners limiting progress.
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