UK homebuilders fall as traders trim rate-cut bets after budget
** Shares of UK homebuilders .FTNMX402020 down 1.8% at 13,241 pence
** Higher inflation fuelled by Britain'snew big-spending budget plans is likely to prevent the Bank of England from cutting interest rates over the next year by as much as investors had expected
** UK homebuilders gained on Wednesday after UK Finance Minister Rachel Reeves announced over 5 bln pounds ($6.48 bln) of housing investment and said will increase the Affordable Homes Programme to 3.1 bln pounds
** Office for Budget Responsibility says budget plans would raise inflation, adding half a percentage point to the rate of consumer price growth next year
** Sub index's top pct loser Persimmon PSN.Lfalls 2.1% to 1,552p; PSNamong top losers on the FTSE 100 index .FTSE
** FTSE 100 homebuilders Barratt BTRW.L, Vistry VTYV.L, Taylor Wimpey TW.L and Berkeley BKGH.L down 1.8% to 2%
** Including session's losses, sub index up 1.2% YTD
Reporting by DhanushVignesh Babu in Bengaluru
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