Daily Market Updates: IMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid

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IMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid – as it happened

Reported · Written up by our desk · North America

Rolling coverage of the latest economic and financial news John Healey poised to raise taxes on banks in budget Elsewhere in the markets today, South Korea’s Kospi share index has recorded its biggest weekly loss since October 2008, down 14.5% this week. Although the Kospi did rise today (+2%), it was still a bad week for technology stocks – as investors worried about the borrowing, spending commitments and future profitability of AI companies. The reality is that while companies embraced AI aggressively as it first emerged, now they are figuring out how to use it effectively while keeping AI

Latest closeKospi 6,803.90 ▼2.0%

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Guardian EconomicsIMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid – as it happened

Global Markets

IMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid – as it happened

More like this

Sources

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