FTSE ends 2012 up 6% over the year

Press Association
Team GB at the Stock Exchange
Team GB at the Stock Exchange

Ady Kerry/PA Wire

Uncertainty caused by the US fiscal cliff deadline quashed any celebrations over a near 6% jump for the FTSE 100 Index over 2012.

London's final session of the year reflected growing expectations that US politicians will fail to reach an agreement before steep tax increases and spending cuts begin to take effect on New Year's Day.