FTSE forges ahead but banks stutter on tax threat

Bank of England governor Andrew Bailey said that the UK economy was ‘more resilient than we expected it to be’ (Jordan Pettitt/PA) - (PA Archive)

The FTSE 100 made further strong gains on Friday as Bank of England Governor Andrew Bailey played down inflation fears, although banks missed out amid fears of a tax hit.

In London, the FTSE 100 index ended up 41.55 points, 0.4%, at 10,881.90. The FTSE 250 climbed 109.13 points, 0.5%, to 24,533.90, and the AIM all-share rose 8.03 points, 1.1%, to 773.12.