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The Independent UK
The Independent UK
Business
Karl Matchett

Business news live: Fund manager warns Reeves of ‘doom loop’ and FTSE 100 drops dramatically

The FTSE 100 rose to new highs once again last week, tipping the scales well above 9,100 points after a particularly strong day on Thursday which saw the likes of BT Group rise ten per cent. The British companies index is up more than 11 per cent this year, outpacing the key US benchmarks - and has started fast on Monday too.

Meanwhile, key upcoming UK economy data this week includes mortgage approvals and the Nationwide House Price Index. Additionally, there is likely to be more news emerging on how the government may tackle pension reform, amid debate over what age the state pension should be and whether the tax relief rate on pension contributions may be altered.

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