FTSE 100 ends day lower as markets calm on Labour housebuilding plan
The IndependentFor free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Traders enjoyed some modest mid-day gains after chancellor Rachel Reeves vowed to free up planning restrictions to help hit Labour’s target of building 300,000 houses per year. Markets have been very calm since Labour got in, which is what the party would hope to see given the chaos that ensued two years ago when Liz Truss got the keys to Number 10 Dan Coatsworth, AJ Bell Dan Coatsworth, investment analyst at AJ Bell, said: “UK markets took Rachel Reeves’ first speech as the new chancellor in their stride, with little change to the FTSE 100. “Markets have been very calm since Labour got in, which is what the party would hope to see given the chaos that ensued two years ago when Liz Truss got the keys to Number 10. “When that happens, markets might not be so laid back if it looks like Labour’s plans to boost the economy aren’t as easy to achieve as the headlines imply.” France’s CAC 40 finished 0.6% down after early gains following Sunday’s election result, which saw a leftwing coalition defeat the far right National Rally party in the polls to set up a hung parliament.