---
title: "UK Stocks Flat After Income Tax U-Turn Sparks Market Turmoil"
publisher: "Share Talk"
author: "sharetalk"
published: "2025-11-17T11:51:28+00:00"
modified: "2025-11-17T11:52:03+00:00"
date: 2025-11-17
canonical: "https://www.share-talk.com/uk-stocks-flat-after-income-tax-u-turn-sparks-market-turmoil/"
category: "B2B"
categories: ["B2B", "Blogs", "Technology", "Technology, Media & Telecoms"]
tags: ["AstraZeneca", "BT", "Diageo", "Federal Reserve", "FREE", "FTSE 100", "FTSE 250", "FTSE100", "Howden Joinery", "ITV", "National Grid", "Sainsburys", "Smith & Nephew", "Tate & Lyle", "Vistry", "WISE"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/FTSE-100-16-OCT-scaled.webp?fit=1200%2C675&quality=80&ssl=1"
format: "news"
language: "en-GB"
---

# UK Stocks Flat After Income Tax U-Turn Sparks Market Turmoil

**Published:** November 17, 2025
**Author:** sharetalk
**Categories:** B2B, Blogs, Technology, Technology, Media & Telecoms
**Tags:** AstraZeneca, BT, Diageo, Federal Reserve, FREE, FTSE 100, FTSE 250, FTSE100, Howden Joinery, ITV, National Grid, Sainsburys, Smith & Nephew, Tate & Lyle, Vistry, WISE
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/10/FTSE-100-16-OCT-scaled.webp?fit=1200%2C675&quality=80&ssl=1)

---

UK equities steadied on Monday after last week’s dramatic sell-off triggered by the Chancellor’s **U-turn on raising income tax**. The **FTSE 100** was largely unchanged in early trading at **9,698.32**, while the more domestically focused **FTSE 250** slipped **0.2% to 21,779.74**.

The muted open follows a bruising session on Friday, when the FTSE 100 sank **1.1%** — its worst day in seven months — after it emerged that **Rachel Reeves** is unlikely to pursue an income tax increase, raising fresh concerns over the Government’s fiscal plans.

Across Europe, markets were mixed as investors prepared for a wave of **long-delayed US economic data**, set to be released this week after the resolution of the federal shutdown. The **Stoxx 600** was flat, France’s **CAC 40** dipped **0.1%**, and Germany’s **DAX** edged **0.1% higher**.

Attention is now turning to **Nvidia**, the world’s most valuable listed company, which will report **third-quarter earnings** on Wednesday. The results are expected to heavily influence sentiment around whether markets are entering an **AI-driven valuation bubble**, with tech stocks already under scrutiny after recent volatility.

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**Original URL:** https://www.share-talk.com/uk-stocks-flat-after-income-tax-u-turn-sparks-market-turmoil/
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