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Evening Standard
Evening Standard
Business
City Staff

FTSE 100 live: ‘Bank of England won’t cut rates until 2025’; Mortgage turmoil continues; FTSE closes at 7,562

A levy on oil giants is to remain until 2028, but with the potential for the tax rate to drop to 40% if prices are lower for a sustained period.

Elsewhere, shares in speciality chemicals company Croda International have slumped after it warned on profits while FTSE 250-listed payments business Network International has backed a £2.2 billion takeover.

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