British stocks continue poor run after interest rate rise

British stocks fell again on Monday morning and are now on their worst run since the early days of the pandemic.

The FTSE 250, which is home to well-known UK businesses such as Marks & Spencer and Royal Mail, slipped a further 134.14 points, or 0.7 per cent, to 17,928.19.

The mid-caps have fallen in each of the past ten sessions; not since the days leading up to the first Covid-19 lockdown have they endured such a barren run.

Investors have been put off by the growing likelihood of a recession in Britain after the Bank of England lifted interest rates again last week in an effort to bring down inflation.

Those rate rises, which have been mirrored around the world, have served to