The London stock market failed to rally this afternoon after the Chancellor said Britain's 'economic emergency has only just begun' in his Spending Review. The FTSE 100 index of Britain's biggest companies closed down by 0.64 per cent or 41 points at 6,391 tonight, having being up at 6,464 in early trading. Also today, Rishi Sunak revealed the Government was providing £280billion this year to get through the country through the coronavirus crisis. THIS WEEK: The FTSE 100 closed down this afternoon after being up at 6,464 in early trading'The FTSE 100 dropped further from recent highs after the Chancellor Rishi Sunak was speaking as the scale of the problem was laid bare amid worries about the outcome of the fraught Brexit negotiations.' Initial gains on the FTSE 100 this morning fizzled out by midday as dealers worried about the impact of a spike in Covid-19 infections around the world.

Source: Daily Mail November 25, 2020 13:24 UTC