Shares in listed housebuilders climbed as much as 6% this morning on media reports that the government is set to unveil a major cut to Stamp Duty chancellor Kwasi Kwarteng’s mini-budget on Friday.

The Times reported today that the new prime minister Liz Truss and her chancellor have been working on the plans, designed to stimulate growth in the economy by getting more people moving house, for over a month.

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