Ten-year bond yields dropped and steadied towards the end of the week after Labour came out with a somewhat more forceful defence of chancellor Rachel Reeves, giving assurances about her role and leading the markets to reverse their earlier alarm. The pound also rose against the dollar slightly and the FTSE 100 finished the week flat.
In business news, the cost of tariff impacts to UK SMEs was revealed in a survey showing they faced an average hit of £17,000 each, while fears continue over AstraZeneca pushing to leave the London Stock Exchange in favour of a US listing.
