With Persimmon about to tumble out of Footsie, interest rate hikes wipe £15bn off UK builders
![With Persimmon about to tumble out of Footsie, interest rate hikes wipe £15bn off UK builders](https://i.dailymail.co.uk/1s/2023/08/26/17/74751613-0-image-m-157_1693066528983.jpg)
Shares in the top eight building firms have been plunging since the Bank of England started hiking the cost of borrowing from a record low of 0.1 per cent.