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London open: Stocks slump, gilts rise as Reeves U-turns on income tax raid

Published by Michele Maatouk on 14th November 2025

(Sharecast News) - London stocks fell sharply in early trade on Friday as hopes of a rate cut from the Federal Reserve faded, with gilts rising amid reports that Chancellor Reeves will ditch plans to raise income tax at the upcoming Budget.

URL: http://www.digitallook.com/dl/news/story/35496213/...

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