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Evening Standard

Jeremy Cutler

Stocks rise and pound climbs as Budget rumours swirl

Rachel Reeves United States Beazley Kingfisher United Kingdom AO World FXStreet Lloyds Banking Group

Chancellor of the Exchequer Rachel Reeves will deliver the Budget on Wednesday (Leon Neal/PA) - (PA Wire)

Banking stocks gave the FTSE 100 a lift on Tuesday amid reports that the sector will be spared a tax hit in Wednesday’s budget.

The FTSE 100 index closed up 74.62 points, 0.8%, at 9,609.53. The FTSE 250 ended up 205.83 points, 1.0%, at 21,617.41, and the AIM All-Share closed up 4.93 points, 0.7%, at 742.09.

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