FTSE 100 falls as China's COVID-19 curbs hit commodity stocks

  • 📰 Reuters
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 97%

Business News News

Business Business Latest News,Business Business Headlines

UK's blue-chip shares fell on Friday, dragged down by commodity-linked stocks on worries over widening COVID-19 curbs in China, and on reports that the UK's new government was looking to raise windfall tax on oil and gas producers.

Prime Minister Rishi Sunak and Chancellor Jeremy Hunt were exploring additional tax increases and public spending cuts, including an increase in windfall taxes on oil and gas producers, to fill a hole in public finances, the Financial Times reported.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines