FTSE 100 Live: Reeves on brink with calls for City watchdog probe

Contributing sentiments towards policy:

53% : Here's a timeline of the events so far: * October 31: OBR's last pre-measures forecasts reveal higher tax revenues have covered a £20bn productivity downgrade and the Treasury has a surplus of £4bn.
49% : * November 14: The Financial Times reports plans for an income tax increase have been dropped sending panic across markets.
46% : * November 26: Reeves raises taxes to the tune of £26bn in the Budget, largely to fuel additional spending and the raising of the two-child benefit cap.
45% : * November 10: The Chancellor doubles down and teases an income tax hike, warning the only way to avoid a manifesto break would be "deep cuts" to capital spending.
40% : Following this, more journalists are briefed that the OBR's forecasts were 'better than expected' leading to the government scrapping income tax plans.

*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.