London Stocks Ease After Recent Rally; Focus Shifts to Budget, Bank of England

UK Bank Tax Jitters Grip City of London as Reeves’s Budget Nears

Britain’s Labour government has consistently assured City of London bankers that their corporate taxes won’t go up. Privately, executives are more worried than ever that ministers will hit them with a tax hike.

London stocks ease after recent rally; focus shifts to budget, Bank of England

By Avinash P (Reuters) -British stocks edged lower on Friday, with the blue-chip FTSE 100 set to extend its fall in the previous session, as markets cooled after a record run earlier this month. Investors were also cautious ahead of the Bank of England’s monetary policy decision next month and the government’s budget later in November. The FTSE 100 and the domestically focused FTSE 250 were down 0.3% each, as of 1210 GMT. Still, both indexes wer…