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The Latest Breaking News from Budget

FTSE 100 smashing through 10,000 mark hailed by Rachel Reeves as vote of confidence in UK economy

The optimistic news came as Labour is hoping for economic growth ahead of crunch local elections in May

Evening Standard

‘Softer’ end to 2025 for UK housing market as prices fell by 0.4% month-on-month

Nationwide Building Society said it expects housing affordability to improve gradually, with income growth outpacing house price growth.

Evening Standard

Experts issue verdict on potential winners and losers in 2026 housing market

First-time buyers will remain a "driving force" on the property ladder, experts say

The Independent UK

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‘Bottom-up’ recovery predicted for housing market in 2026 as activity returns

The market will ‘look and feel very different’ depending on where people live and the type of home they are looking to sell or buy, an expert said.

Evening Standard

Celeb hairdresser bans Labour MPs from his west London salon in protest over Budget

Michael Van Clarke has joined hundreds of other businesses in the protest

Evening Standard

Mecca Bingo owner Rank hit by £6.2m payment fraud in Spanish arm

The casino and bingo hall firm has reported the matter to the local police and has launched its own internal investigation.

Evening Standard

Why this year’s ‘Boxing Day bounce’ could be the perfect time to find your new home

The day after Christmas is traditionally one where interest in moving spikes - and this year looks more favourable than usual

The Independent UK

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Reeves says tax rises are ‘less necessary’ after Budget

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The Independent UK

‘Little Christmas cheer’ for Reeves as borrowing figures higher than forecast

A borrowing figure of £11.7 billion last month was higher than the £10 billion expected.

Evening Standard

Interest rates reduced to near three-year low but further cuts a ‘closer call’

Economists think the pace of interest rate cuts will slow next year as the Bank gets closer to what it deems a ‘neutral’ rate.

Evening Standard

Bank of England cuts interest rates to near three-year low

The Bank’s Monetary Policy Committee voted to reduce rates from 4% to 3.75%.

Evening Standard

Boost for Reeves as inflation drops to 3.2% in November

Bigger than expected drop opens the way for an interest rate cut from the Bank of England

Evening Standard

FCA prepared to tweak car loan compensation scheme after pushback, boss says

The Financial Conduct Authority’s consultation on its proposed motor finance redress scheme closed last week, with more than 1,000 responses.

Evening Standard

Businesses ‘buoyed’ by spike in new work post-Budget, but job-cutting persists

December’s PMI data indicated the strongest upturn in the level of new work for firms in 14 months.

Evening Standard

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Evening Standard

Young people bearing the brunt as jobless rate hits 5.1% ahead of Budget

The Office for National Statistics said there had been an 85,000 increase in those unemployed aged between 18 to 24 in the three months to October.

The Independent UK

New index reveals Reeves’ Budget has downgraded the value of a British passport

The fall is the biggest of any of the G7 countries with the UK overtaken by a string of European counterparts including Bulgaria, Greece, Romania, Czech Republic, Italy and Hungary

Evening Standard

Starmer says he will ‘get to the bottom’ of pre-Budget leaks

The Prime Minister said he had no reason to believe that a leak of plans ahead of the Budget had come from No 10.

Evening Standard

Will London’s battered high streets get the Christmas boost they need?

After a grim year, retailers are panicking that shoppers aren’t spending enough to help them survive January, writes Jonathan Prynn

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AAP

Budget blowout 'modest' for Australia's Olympic hosts

The mid-year budget report card has revealed a "modest" budget blowout as one state continues counting down to the 2032 Olympic Games.

The Independent UK

Average house price is £6,695 lower than in November, says Rightmove

Lower asking prices and falling mortgage rates could help create a bigger than usual Boxing Day bounce in property searches, Rightmove said.

Evening Standard

Christmas attractions face sharp rise in property taxes after Budget

However, other major retail destinations and Christmas shopping locations, such as Harrods, will see their payments fall.

The Independent UK

Jeremy Clarkson joins hundreds of pub landlords in banning Labour MPs in Budget backlash

The “#taxedout” campaign backed by UK Hospitality has seen more than 250 pubs already put up signs banning Labour MPs from their premises

Evening Standard

Jeremy Clarkson bans all Labour MPs from his Cotswolds pub in fury at tax hike

TV star's business rates bill has soared from £28,000 to over £50,000 as hospitality industry revolts against Chancellor's Budget

International Business Times UK

'No Entry for Keir Starmer and Labour MPs!': Hundreds of Pubs Bar Labour Politicians After New Business Rates Blow

Hundreds of UK pubs have barred Labour MPs, including Keir Starmer, in protest over rising business rates and the latest Budget changes.

The Independent UK

Interest rate cut next week ‘nailed on’ as UK economy grows just once in seven months

Pre-Budget worries and speculation that chancellor Rachel Reeves would hike income tax has been blamed

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