FTSE surges after UK pre-budget report, Citi bailout
The FTSE-100 is up over 9% after a rescue plan for ailing US bank Citi was added to by UK Chancellor of the Exchequer announced a series of measures to help Britain's struggling economy.
The market was up over 350 points to 4,131 at 4.30pm UK time.
On Sunday Citi entered an agreement with the US government whereby the Fed will guarantee any debt losses by the bank of over $29bn -
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