Former journalist Phil Dilks is chairman of Deeping St James Parish Council in south Lincs. Served 8 years (2001-09) on Lincolnshire County Council (Labour lead on Education and Children's Services). Former member Lincolnshire Police Authority (2002-09). Member of Royal Anglian Association (former TA CSM), Co-operative Party, and GMB trade union. Promoted by Phil Dilks, DSJ, PE6 8HD. A personal view and not that of any organisation of which I am a member or associated.
Monday, November 24, 2008
Shares soar to record rise...
Shares have recorded their biggest ever one-day rise. The FTSE has just closed up almost ten per cent on this morning's opening - partly due to the City welcoming measures announced by the Chancellor today to help small businesses, families and pensioners through the current tough economic times.
FTSE 100 4152.96 up 372.00 9.84%
ReplyDeleteDax 4554.33 up 426.92 10.34%
Cac 40 3172.11 up 290.85 10.09%
So not as big a rise as the markets in other countries who couldn't care less about this budget.
This rise has nothing to do with the PBR
The London rise was just as much a reflection of what has been going on in New York Phil.
ReplyDeleteGeorge Osborne's best performance ever!
I guess it had nothing to do with the US plugging the hole in Citibank then?
ReplyDeleteDo you reckon the 2.5% off VAT is why the Nikkei went up too?
And the Dax, and the French SE and and Australia.
ReplyDeletePitty the BBC News at ten and ITV News didn't work that out.
Maybe they just fell for a bit of Mandelson spin again?