UK Stock Market Today: FTSE 100 Falls as Reeves Tax U‑Turn Triggers Gilt Sell‑Off and Global Tech Jitters – 14 November 2025
The FTSE 100 fell 1.1% to 9,698.37 on Friday after reports that Chancellor Rachel Reeves scrapped plans to raise income tax in the upcoming Autumn Budget. Investors sold off UK government bonds, pushing the 10-year gilt yield up 13 basis points to 4.57%, and the pound dropped to around $1.31. The FTSE 250 lost 0.8%. Global tech weakness and concerns over China also weighed on sentiment.