ROB Insight is a premium commentary product offering rapid analysis of business and economic news, corporate strategy and policy, published throughout the business day. Visit the ROB Insight homepage for analysis available only to subscribers.
The government pumps money into the housing market and shares in real estate agents soar on the stock market. In Britain on Wednesday, it happened the other way round: shares in Countrywide, a realtor, danced a little Spring jig on their debut in a £750-million ($1.163-billion) IPO, a couple of hours before the Chancellor of the Exchequer, George Osborne, revealed his plans for the U.K.’s first government-backed mortgage guarantee scheme.Report Typo/Error
Follow us on Twitter: