London Stocks Fall on Lockdown Announcement

ftse100 falls oct 2020

The British capital has just entered the high risk traffic light system at tier two with much of the north of England in the very high risk category. Households can no longer meet in London, and no more than six people are allowed to gather outside. While in the north, all pubs and bars have been closed with only schools, workplaces and essential services remaining open. The return of cold weather has returned an increase in new cases, with France in particular seeing some 22,000 a day while Germany is also preparing new restrictions. The leader of the opposition, Keir Starmer, called on Tuesday for a national lockdown as cases rise in UK, but the financial support this time in UK is less than in March when a three weeks lockdown became three months. While previously the chancellor Rishi Sunak warned that taxes would have to rise to pay for…

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