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Persimmon boss: Help to Buy has increased demand

25 February 2014 Last updated at 10:23 GMT

Persimmon chief executive Jeff Fairburn has told BBC News that Help to Buy had increased demand, after the house builder announced profits had jumped by more than 50% last year.

Pre-tax profits jumped to £337.1m in 2013, compared with £218.2m in the previous year.

When asked if Persimmon was "cashing in" - with average prices increasing by 4% - Mr Fairburn said his firm was "aimed at the affordable end of the market" and the increase was down to building "a few more bigger houses."

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