FTSE 100 Live: Stocks flat as Trump says Strait of Hormuz to open in days; Reeves faces growth downgrade

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Reeves faces a growth downgrade from the CBI. (Image: PA)https://www.cityam.com/wp-content/uploads/2026/01/reevespic.jpeg?w=1107" />

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Rachel Reeves is staring down another bruising growth downgrade this morning after the Confederation of British Industry (CBI) slashed the UK’s GDP forecast to 1.1 per cent for the year.

The figure is a drop from 1.4 per cent last year and below the previous https://www.cityam.com/ftse-100-live-stocks-flat-as-trump-says-strait-of-hormuz-to-open-in-days-reeves-faces-growth-downgrade/">[...]

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