The share prices of Britain’s largest housebuilders have fallen by around 5% to 6% following the market reaction to last week’s mini budget.

Prices fell from Friday afternoon, following the drop in the value of the pound after Kwasi Kwarteng tax-cutting budget.

Shares in Persimmon fell 6.4% from Friday afternoon to this morning. The drop for Bellway, Taylor Wimpey, Barratt and Berkeley over the same period was 6%, 5.7%, 4.9% and 5.3% respectively.