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

By Michele Maatouk

Date: Friday 14 Nov 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.
At 0835 GMT, the FTSE 100 was 1% lower...

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