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The blue-chip FTSE 100 slipped 0.1% by 0806 GMT, while the domestically oriented FTSE 250 remained flat.
Mining and energy stocks fell 1% and 1.4%, respectively, as commodity prices declined on weaker-than-expected China factory activity data. [O/R] [MET/L]
Sunak might extend the foreign aid spending cut by another two years to 2026-2027 as the government draws up spending cuts and cancels tax cuts to ease the squeeze on household budgets caused by higher costs of living, according to a Telegraph report.
The government had cut its foreign aid spending two years ago to deal with the hit public finances took during the pandemic.
