UK stocks dive as tech bubble worries and Budget speculation mount

Data from the US has pointed to resilient consumer spending and relatively subdued inflation (Alamy/PA) -

London’s FTSE 100 has tumbled as jitters about soaring tech valuations sparked a sell-off across global stock markets and reports of an autumn Budget U-turn spooked UK investors.

The index was losing around 140 points, or about 1.4%, on Friday morning.