FTSE 100 Live: Stocks to slip ahead of Budget

Welcome back to City AM s FTSE 100 liveblog. It s Wednesday morning and all eyes are on John Healey, who will deliver his first Budget later today. The markets are set to open into the red as investors hold their breath for the Chancellor s speech. Rising oil prices will also pose a challenge to the FTSE 100, which shed more than 0.7 per cent on Tuesday. There is plenty for the Square Mile to watch out for in the Budget, from a raid on banks to higher business rates for office buildings. Until then, stay tuned for the morning s market news. Here s a few of our top headlines from overnight: Healey poised to deliver ‘long grass’ Budget Government issues debt at highest interest rate since financial crisis on eve of Budget Iceland boss: Budget must show Labour is listening to business, not just managing decline Firms forced to give staff government approved advice on joining a union Amazon and Tiktok accused of dodging MP scrutiny over online shopping safety T