FTSE plunges 4.5%

The prospect of an economic recession left UK blue chips nursing hefty losses today as stock markets tumbled across the world.

The prospect of an economic recession left UK blue chips nursing hefty losses today as stock markets tumbled across the world.

The FTSE 100 Index plunged 4.5%, or 188.8 points to 4040.9, mirroring similar moves across Europe and the US.

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