Business · 1 hour ago
UK shares rise after a report John Healey will avoid more borrowing
The Financial Times says he plans to cover new costs by raising taxes or cutting spending instead. In response on Wednesday, London's main FTSE 100 market index climbed to around 10,700 points, driven by defence and consumer businesses. The International Monetary Fund also praised the country's strategy for lowering its deficit while other large nations continue to borrow.
Reported by Reuters · How we write briefs