UK stocks : FTSE 100 up 0.3 pct

Dec 04 2012, 03:31 IST
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SummaryAt 1141 GMT, the FTSE 100 was up 19.94 points at 5,886.76 points.

delaying his debt target.

British media reported on Sunday he was poised to announce plans to cap the pension benefits of high earners, alongside a reining in of the welfare budget, which could impact financial services groups.

"It's going to be a relatively dour message from Osborne ... It'll be a reminder of the tough conditions for Britain as the austerity measures bite. For that reason we would favour being exposed to U.S. markets, and high-beta Europeans rather that the UK for the time being," Henk Potts, market strategist at Barclays Wealth said.

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