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Evening Standard

Anna Wise

Global stocks tumble and pound weakens as investors digest UK Budget

Budget United Kingdom Rachel Reeves Shell AB InBev London Persimmon Taylor Wimpey

Top global markets tumbled into the red on Thursday while the pound also weakened, as Wednesday’s autumn Budget statement continued to spark a sell-off in the UK gilts market.

London’s FTSE 100 was down 49.53 points, or 0.61%, to close at 8,110.1.

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