Fund Managers Flee UK Stocks, Chancellor's Grade: 'C'

Global fund managers are pulling out of UK stocks at the fastest rate since Liz Trusss mini-Budget, indicating a lack of confidence in Labours economic plans. The FTSE one hundred index has seen four consecutive days of declines, marking its worst performance since last August. Chancellor Rachel Reeves performance is rated poorly by fund managers, with ninety-four percent giving her a C grade or lower. The situation suggests deep-seated concern among investors regarding the UKs economic direction and the current governments ability to steer it effectively.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.