Chancellor George Osborne failed to spook investors despite telling austerity-weary Britons to brace themselves for more spending cuts.
Chancellor George Osborne failed to spook investors despite telling austerity-weary Britons to brace themselves for more spending cuts.
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In his Autumn Statement, the Office for Budget Responsibility's growth expectations were cut to a contraction of 0.1% for this year, followed by downward revisions for every year of the forecast.
However, the FTSE-100 index was up as America's Dow Jones industrial average made early-session gains amid hopes for more economic stimulus measures in China helped boost confidence in London.
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