IMF suggests UK should cut spending rather than raise taxes on banks, as Healey prepares budget raid - business live

Rolling coverage of the latest economic and financial newsJohn Healey poised to raise taxes on banks in budgetElsewhere in the markets today, South Koreas Kospi share index has recorded its biggest weekly loss since October 2008, down 14.5% this week.Although the Kospi did rise today (+2%), it was still a bad week for technology stocks - as investors worried about the borrowing, spending commitments and future profitability of AI companies.The reality is that while companies embraced AI aggressi...