Tag: SOPHIE KIDERLIN

Mixed Fortunes in European Markets as UK Banks Rally on Budget

Nov 1, 2024

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by

Tommy O’Connor

in Europe 2

European markets fell 1.2% as tech stocks plummeted, yet UK banks rose following the Labour government’s budget which avoided new taxes on the sector. The budget included £40 billion in new tax increases aimed at balancing public finances. Germany’s inflation surged to 2.4%, and while the euro zone economy grew at 0.4%, concerns lingered over…