Public finances in view after Hunt’s £55bn of spending cuts and tax hikes

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City AM

By Jack Barnett Traders will be keen to examine fresh public finances figures out this week to get a sense of the UK’s debt pile that pushed chancellor Jeremy Hunt into £55bn of spending cuts and tax hikes last week. London’s premier FTSE 100 index registered a solid performance last week, adding 0.92 per cent to close at 7,385.52 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the health of the UK economy, dropped 1.2 per cent to 19,283.05 points. Hunt last week tried to appease financial markets with a series of tax hikes and public spending cuts wor…

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