|
|
Article: Unhappy start to new year as major stocks plummet [pounds sterling]140bn.
- Article from:
- Daily Mail (London)
- Article date:
- February 1, 2008
CopyrightCOPYRIGHT 2008 Solo Syndication Limited. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
LONDON shares made a late escape from mid-winter misery last night. Buttop shares lost [pounds sterling]140bn of their value in January, one of the worst ever fallsin a month usually full of New Year optimism, writes Brian O'Connor.
The Footsie index fell 148 points by lunchtime only to end 42.5 higher at5879.8 as punters were tempted by the ultra-low level of bank stocks.
But many remain nervous after the worst US jobless figures for 27 months and awarning that Britain needs to raise taxes by [pounds sterling]9bn a year to repair the publicfinances.
At home, the National Institute of Economic and Social Research warned that thecurrent budget ...