FTSE 100 Live 23 April: Primark owner ABF results, public sector net borrowing

07:32 , Daniel O'Boyle Ruth Gregory, deputy chief UK economist at Capital Economics, says Jeremy Hunt may be ‘disappointed’ by the public borrowing figures. She said: “March’s figures show that public borrowing in 2023/24 came in £6.6bn higher than the OBR predicted only a month ago, casting further doubt on the ability of the government to unveil big tax cuts at another pre-election fiscal event later this year. “Overall, if the Chancellor was hoping March’s figures would provide more scope for tax cuts at a fiscal event later this year, he will have been disappointed. Just based on the larger-than-expected 2023/24 budget deficit and the recent shift up in market interest rates, he may have even less fiscal ‘headroom’ (perhaps about £5bn) for tax cuts than the £8.9bn left over in March.” 07:27 , Graeme Evans The FTSE 100 index is set to build on last night’s record finish, with IG Index forecasting a rise of 0.5% or 43 points to an intraday all-time high near 8066. The rise follows a better session on Wall Street as the S&P 500 index and Nasdaq Composite recovered from recent tech selling by climbing 0.9% and 1.1% respectively. Nvidia put back 4% after...

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