FTSE slumps ahead of Budget as spooked investors brace for £40bn in tax hikes
Rachel Reeves takes centre stage today with the Chancellor expected to unveil £40bn in measures aimed at stabilising public finances during her Budget later today.
Rachel Reeves
FTSE slumps to lowest level in months as Budget shockwaves reverberate
The FTSE's jitters is a clear indication that financial markets are anxious in the wake of the measures announced by Chancellor Rachel Reeves yesterday in the Commons.
Pound nosedives sharply against the euro after Rachel Reeves’ Autumn crunch Budget speech
Rachel Reeves made a raft of huge tax announcements in Labour's first Budget speech in 15 years.
Financial chief fears Rachel Reeves budget could repeat Liz Truss market chaos
Nigel Green, CEO of deVere Group said there were ‘clear signals' investors were moving away from government debt in advance of the October 30 Budget
Huge Brexit Britain win as UK economy overtakes major countries – with more growth to come
The OECD survey suggests recent activity indicators "suggest ongoing momentum, especially in services sectors".
Pound soars to two-year high against dollar – but risks opening up a major problem for UK
The pound hit its highest level in more than two years against the dollar, but analysts have warned the surge risks damaging the UK's international competitiveness
UK in crisis as economy stagnates yet again during Labour’s first month
The news would come as a huge blow to Sir Keir Starmer barely two months on from his General Election victory.
