Markets stable as shadow chancellor promises no austerity if Labour wins UK election.

From Google News: 2024-09-23 07:05:34

Markets are stable as shadow chancellor Rachel Reeves promises no austerity measures if Labour wins the UK election. The FTSE 100 remains steady amidst this news. Political uncertainty is causing caution in many investors. Markit’s Purchasing Managers’ Index (PMI) figures show the UK economy is growing, with the services sector rebounding. The construction sector is also showing signs of recovery, offsetting the decline in manufacturing. Investors are closely watching the election campaign and its potential impact on the market. Rachel Reeves’ pledge may provide comfort to those worried about economic policies under a new government.



Read more at Google News: FTSE 100 LIVE: Markets hover as Reeves pledges no return to austerity – Yahoo Finance UK