17/03/14 Market Movements
The FTSE closed ended its longest losing streak in over 2 years after the building sector surged as the government announced plans to increase cashflow into the help to buy scheme.
George Osbourne said that the government aims to pump a further £6 billion into the scheme and will also extend the programme by 4 years. This news means the help to buy scheme will continue until 2020 and will be responsible for building a further 120,000 homes across the country.
The FTSE100 closed up 40.46 points at 6,568.35.
CAT stock is currently up 0.52% at $95.87