UK stock market goes into free fall

Nigeria News.Net
Friday 5th September, 2008

The British stock market has registered its worst week of falls in six years.

The FT-100 index of leading shares fell 121 points to end the week at 5,240 points.

The last time the market recorded such a big fall in a single week was in July 2002.

The index is down 7 per cent from this time last week after the Chancellor Alistair Darling's comments that the economy was facing its toughest conditions in 60 years.

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