Tech shares slide after SoftBank sells Nvidia stake; UK interest rate cut expected in December – business live

<p>Rolling coverage of the latest economic and financial news</p><ul><li><p>Analysis: <a href="https://www.theguardian.com/business/2025/nov/11/unemployment-budget-interest-rates-pay-rachel-reeves">Rising unemployment could affect budget, interest rates, pay and more</a></p></li></ul><p><br></p><p><strong><a href="https://www.theguardian.com/business/live/2025/nov/11/pound-falls-uk-unemployment-four-year-high-stock-markets-ftse-100-business-live-news?filterKeyEvents=false&amp;page=with%3Ablock-6912da4d8f08a98bc7592e1a#block-6912da4d8f08a98bc7592e1a">The weakening UK jobs market</a> hasn’t deterred traders from driving the UK stock market to a new record high.</strong></p><p>The <strong>FTSE</strong> <strong>100</strong> index of blue-chip shares, which <a href="https://www.theguardian.com/business/live/2025/nov/10/stock-markets-rally-us-shutdown-breakthrough-ftse-currencies-business-live-news">closed at a record high last night</a>, has jumped further at the start of trading.</p><p>“Over 329,000 more people have moved into work this year already, but today’s figures are exactly why we’re stepping up our plan to Get Britain Working.</p><p>“We’ve introduced the most ambitious employment reforms in a generation to modernise jobcentres, expand youth hubs and tackle ill-health through stronger partnerships with employers.</p> <a href="https://www.theguardian.com/business/live/2025/nov/11/pound-falls-uk-unemployment-four-year-high-stock-markets-ftse-100-business-live-news">Continue reading...</a>