Chancellor Rachel Reeves is set to announce welfare cuts and a boost to defence spending when she delivers a statement to parliament today.
On March 26th, the FTSE 100 initially rose but closed slightly lower. UK inflation unexpectedly dipped to 2.8% ahead of Chancellor Reeves' statement, where she is expected to announce welfare cuts and increased defence spending. Ocado shares surged, while Vistry's shares fell after pulling its dividend due to cost errors and lower profits. Ithaca Energy also saw a share price increase.
