Millions Wiped Off British Pensions As FTSE 100 Loses 60 BILLION In Just Hours

Panic selling ripped through UK markets this morning sinking the index of Britain’s largest companies by three per cent, wiping around £60 billion off its worth, as it reached as low as 5768.22. Unless the index recovers today is set to be the largest one day fall of the FTSE since 2008, over the last two weeks more than £160 billion has been torn off the value of UK stock markets. And the Dow Jones finished down 3.6 per cent after earlier dropping more than 1,000 points – or almost 7 per cent of its value. The drop in the FTSE affects the worth of pension pots, and British savers and investors have been told to brace themselves for further losses. Today’s mayhem followed China’s worst day of trading since 2007, where the country’s main indexes dropped by a staggering eight per cent.

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