FTSE 100 rises as chancellor says Bank of England governor has confirmed ‘markets are functioning effectively’Business live – latest updatesRachel Reeves stepped in to soothe stock market jitters on Tuesday amid signs that the punishing global sell-off triggered by US trade tariffs was starting to ease.The chancellor told parliament she had spoken to Andrew Bailey, the governor of the Bank of England, who confirmed “markets are functioning effectively and that our banking system is resilient”. Continue reading...