FTSE 100 Live: Halifax house price index; Stocks eye rebound

cityam
2025.11.07 06:51
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The FTSE 100 experienced a slight decline following the Bank of England's decision to cut interest rates in a split 5-4 vote, with Governor Andrew Bailey emphasizing caution. Despite the overall slump, bank shares like Natwest and Lloyds saw gains after tax concerns were alleviated. The banking sector's tax rate rose to 46.4%, raising competitiveness concerns compared to New York's 27.9%. Other news includes rising pub closures and warnings from UK tech founders about potential impacts on IPO plans due to the upcoming Budget.

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