Business news live: FTSE 100 to open near record high and latest bitcoin price after fall

Good morning and welcome to another week of live business coverage on The Independent.

We’ll be bringing you the latest company news, stock market updates and other investment asset price changes, news affecting your money and everything else across the finance landscape.

Rachel Reeves has been given her strongest warning yet that she will have to break a key party manifesto pledge by hiking taxes, introducing charges to use the NHS or dropping the triple lock guarantee on the state pension.

The beleaguered chancellor raised taxes by £40bn in her first Budget last year, partly to fund record new investment in the NHS.

But now the world’s most important financial watchdog has warned that she will likely have to break an election promise to raise “taxes on working people” – income tax, VAT or national insurance contributions by employees – to balance the books.