FTSE 100 LIVE: London slides and UK gilts sell as Reeves spooks market with tax U-turn
) and European stocks followed Wall Street and Asia lower as markets opened on Friday, selling off as a global aversion to risk grips markets and Rachel Reeves appeared to U-turn on plans to hike income tax. London stocks wavered and British bond yields sold as traders digest more uncertainty around the direction of the UK government's 26 November budget, with the chancellor pulling back from plans to hike income tax, according to a/ Ten-year and two-year UK gilts were volatile following the report. The 10-year gilt yield jumped 0.13% to 4 ...
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