FTSE 100 Live: Stocks to slip ahead of Budget
Welcome back to City AM‘s FTSE 100 liveblog. It’s Wednesday morning and all eyes are on John Healey, who will deliver his first Budget later today. The markets are set to open into the red as investors hold their breath for the Chancellor’s speech. Rising oil prices will also pose a challenge to the FTSE [...]
Welcome to City AM's FTSE 100 liveblog. It is Wednesday morning and all attention is focused on John Healey, who will present his first Budget later today. The markets are opening in the red as investors anxiously await the Chancellor's speech. Oil prices are on the rise and this will add to the challenges facing the FTSE 100, which slipped by more than 0.7% on Tuesday.
The Square Mile will be closely watching the Budget for various factors including a raid on banks and higher business rates for office buildings. For now, keep an eye on the morning's market news. Here are some of the key headlines from overnight: Healey is set to deliver a 'long grass' Budget, the government is borrowing at the highest interest rate since the financial crisis on the eve of the Budget, Icelandic officials are urging Labour to listen to business concerns rather than just managing the decline, and companies are being compelled to provide staff with government-approved advice on joining a union.
Additionally, Amazon and Tiktok are under scrutiny for allegedly evading scrutiny over online shopping safety.
Written by urgent.news from City AM's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
