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The Latest Breaking News from Budget

Date set for first Budget of Andy Burnham’s government after recent spate of policy announcements

‘This will be a Budget that moves money and power out of Westminster and into every postcode around Britain,’ the chancellor said as he revealed the date it will be held

The Independent UK

Andy Burnham tax rises: All the ways the new Prime Minister could hammer London

The former Greater Manchester Mayor has suggested some Londoners should pay more in council tax

Evening Standard

Will table audit report on corruption during DMK regime, says TN Finance Minister

Tamil Nadu Finance Minister N. Marie Wilson said the TVK government will table an audit report during the Budget session alleging corruption and "party fund" irregularities under the previous DMK regime. He also reiterated the government's commitment to abolishing NEET.

The Economic Times

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Summer holiday car hire: drive a great deal and avoid hidden fees

Unclear terms and expensive extras can turn what seemed like a cheap rental into a costly one

The Guardian - UK

Andy Burnham income tax row: What exactly has PM said on rise in £12,570 personal allowance?

New Prime Minister caught in first fiscal controversy after suggesting threshold for paying income tax may go up

Evening Standard

What does Burnham’s VAT cut mean for your energy bills?

First major move by new PM aimed at giving families ‘breathing space’

The Independent UK

LPG subsidy bill may top Rs 1 lakh crore in FY27, create Rs 70,000 cr gap over Budget allocation

India's LPG subsidy bill may surpass Rs 1 lakh crore in fiscal year 2027. This projection indicates a significant shortfall against the budget's Rs 30,000 crore allocation. Overall subsidy spending has already seen a forty-seven percent year-on-year increase during early fiscal year twenty twenty-seven. Government finances face additional pressure from…

The Economic Times

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Budget resolution faces dicey House vote after committee approval

The House Budget Committee approved a fiscal 2027 budget resolution Thursday as the first step toward passing a filibuster-proof reconciliation bill to provide tens of billions of dollars for defense, farm aid and voting restrictions. The panel advanced the GOP-backed budget resolution on a strictly party-line vote of 20-14 after…

Roll Call

Trump loses his ‘Senate whisperer’ after Graham’s sudden death

Donald Trump has lost a go-to ally in the Senate after the death of Lindsey Graham, with senior White House aides and other Republicans — and even some Democrats — saying the late senator had become a crucial part of the president’s legislative efforts. The 71-year-old Budget Committee chairman and…

Roll Call

This week: Graham’s death, McConnell’s recovery add to drama

Independence Day recess ended Sunday with two explosive developments within the Senate GOP: the death of Budget Chairman Lindsey Graham, R-S.C., who died Saturday night, and a much-awaited health update from former Majority Leader Mitch McConnell of Kentucky. The latter issued a statement Sunday evening confirming that, contrary to rumors…

Roll Call

Govt has done its part on GCCs via Budget, now industry must invest in skilling and innovation to counter AI risks: CEA Nageswaran

Chief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global Capability Centres through Budget announcements. Artificial intelligence poses risks to business models focused solely on low-cost execution. The government encourages GCC expansion beyond major metropolitan cities. Firms and people must…

The Economic Times

Andy Burnham did not have ‘all the details’ of £4.7 billion defence black hole

Sir Keir Starmer unveiled the Dip on Tuesday, with a promise to increase defence spending by £15 billion.

Evening Standard

Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27

The government is accelerating its disinvestment and asset monetisation drive, achieving 31% of its full-year target in just the first quarter. This rapid pace, with weekly offers for sale, aims to bolster revenues amidst rising subsidy and import costs. Significant funds have already been raised from entities like Coal India…

The Economic Times

Voices: Sir Keir has left a fiscal mess for Andy Burnham to clean up

THE INDEPENDENT VIEW : Editorial: A £4.7bn shortfall in the Defence Investment Plan is some legacy for the PM to leave his successor to fund, especially after complaining so bitterly about the ‘black hole’ left by his own predecessors

The Independent UK

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Evening Standard

Badenoch torpedoes Starmer at PMQs: 'Generals can count, the Kremlin can count, his defence plan doesn't add up'

Sketch: Deserted by Labour troops, the Prime Minister was like a tank with depleted armour and wonky tracks as he came under fire from Mrs Badenoch

The Economic Times

How RBI’s 2026 TReDS directions advance the MSME financing reform

With the Budget setting the policy direction and the RBI directions providing the regulatory foundation, TReDS is well positioned to move from a platform that has demonstrated value to one that can deliver MSME liquidity at scale.

The Economic Times

Kerala liquor policy to be decided after talks with coalition parties, says Kerala Revenue Minister A P Anil Kumar

Kerala Revenue Minister A P Anil Kumar stated that any policy on tax cuts for low-alcohol beverages will be decided after internal UDF discussions and consultation with Congress leadership. This follows a budget proposal to reduce taxes on such drinks, drawing criticism for potentially encouraging consumption. Chief Minister V D…

The Economic Times

West Bengal Budget 2026: Govt allocates Rs 36,000 crore for Annapurna Yojna; hikes DA by 20%

West Bengal's new BJP government unveiled its first budget, prioritizing welfare and employment. Finance Minister Swapan Dasgupta announced a significant Rs 36,000 crore for the Annapurna Yojna, assuring continuity of existing social schemes. Key highlights include increased MLA funds, pensions for retired journalists, and a pledge to fill one lakh…

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Newsroom.co.nz

Willis claims win as just 0.5 percent opt out of higher KiwiSaver contributions

High level of contributions at new 3.5 percent rate defy some expectations – but come with implications for the public service workforce

The Economic Times

Kerala CM VD Satheesan presents maiden UDF budget for 2026-27

Kerala's Chief Minister VD Satheesan presented the state's first budget for the financial year 2026-27. The government inherited a significant financial crisis. Public debt stands at Rs 5.07 lakh crore. A large portion of revenue goes to salaries and pensions. Development spending is low. The state faced treasury stress for…

Newsroom.co.nz

Mind the gap: Labour’s policy platform empty no more

The main opposition party rolls out its first major election policy since late 2025 - cheaper weekly bus and train fares focusing on the main cities

The Conversation

As global fuel risk rises, NZ Budget 2026 puts roads first – again

Three months into the war in Iran, the largest disruption to New Zealand’s oil supply in living memory appears to have done nothing to change the government’s approach to transport.

Newsroom.co.nz

Stanford forges ahead, with or without teachers’ backing

With education leaders unaccustomed to feeling heard by Erica Stanford, it’s little wonder the sector seemed unsure how to respond to the Education Minister’s post-Budget sales pitch. Hanna McCallum reports.

Newsroom.co.nz

Govt on track for 2029 surplus in surprise forecast reversal

Despite economic headwinds prompting households and businesses to look to their own budgets, the Government's books are looking their best in a long time.

Newsroom.co.nz

Top environmental watchdog’s Budget win with planning hub

A centralised environmental database will speed up consenting and development, alongside investment in a more resilient highway network

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