For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails Email * SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our Privacy notice
The FTSE 100 outperformed European and US peers on Tuesday, but sterling fell further, as Chancellor Rachel Reeves laid the groundwork for further tax rises in this month’s Budget.
The FTSE 100 Index closed up 13.59 points, 0.1%, at 9,714.96. It had earlier traded as low as 9,574.15.
The FTSE 250 ended 113.41 points lower, 0.5%, at 21,995.48, and the AIM All-Share declined 12.47 points, 1.6%, at 759.55.
In London, Ms Reeves put the country on notice that tax rises are coming in her Budget, saying “each of us must do our bit”.
Ms Reeves declined to recommit to Labour’s manifesto commitments not to raise income tax, national insurance or VAT, saying “we will all have to contribute”.
She blamed global prob
Continue Reading on The Independent
This preview shows approximately 15% of the article. Read the full story on the publisher's website to support quality journalism.