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The Latest Breaking News from Budget

Fears for UK’s pubs and restaurants as hospitality hit hardest by job cuts

The industry could lose up to 111,000 job losses in little more than a year, warns trade body UKHospitality

The Independent UK

John Lewis and Waitrose owner loses £88m after national insurance hike

The retail giant reports a substantial half-year loss but ‘optimistic’ it can turn it around with Christmas trading

The Independent UK

Losses widen at John Lewis Partnership after Budget tax increases

However, the employee-owned group said it is still ‘well positioned’ to deliver profit growth for the full year.

Evening Standard

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Voices: Will a pensions raid stop young people from saving?

COMMENT: As British workers make record withdrawals from their pension pots, amid fears that the chancellor is about to reduce the tax-free limit in her autumn Budget, James Moore worries that some people might be prompted to make bad decisions that will affect more than just their later years

The Independent UK

Rising mortgage rates signal fresh battle for homeowners ahead of Reeves’ Budget

Lenders have raised rates on some deals amid a ‘fraught political and economic climate’, with more expected to follow

The Independent UK

Reeves names last possible date for Budget as she eyes tax hikes to plug £40bn black hole

Sources tell The Independent the chancellor favours raising capital gains tax and introducing a gambling levy

The Independent UK

Economy ‘not working well enough’, says Reeves as she sets November 26 Budget

There are concerns that the Chancellor will be forced to hike taxes as she seeks to plug a black hole in the nation’s finances.

Evening Standard

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UK Government bond sell-off eases after Budget date confirmed

Financial markets have been heavily focused on the upcoming Budget, with the sell-off in gilts largely down to worries over Britain’s public finances.

Evening Standard

The prime minister must not squander his second chance

THE INDEPENDENT VIEW: Editorial: Keir Starmer and his chancellor Rachel Reeves have less than two months to devise a Budget that addresses people’s real concerns. A limited reshuffle of Downing Street personnel is a good place to start

The Independent UK

Why mounting costs mean recent retail growth ‘barely touches the sides’

July retail sales were up 2.5 per cent on 2024 but they were not close to covering the the last budget’s £7 billion in new costs on the sector

The Independent UK

Tax rises would force up prices for customers, retailers warn Reeves

There are growing questions over how the government will fill a black hole in the public finances at the next budget

The Independent UK

Starmer’s U-turns leave UK economy ‘vulnerable’ warns OBR

The Office for Budget Responsibility’s warning piles fresh pressure on Rachel Reeves ahead of the autumn Budget

The Independent UK

Rachel Reeves year in review: Chancellor's 2025 is no cause for celebration

City confidence in her is rock bottom — and Rachel Reeves’s high wire act is just one misstep away from a full blown financial crisis, says Jonathan Prynn

Evening Standard

Councils to get more powers to crush fly-tippers’ vans in planned crackdown

Local authorities are expected to use existing budgets to tackle the problem of dumped waste.

The Independent UK

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Evening Standard

Rachel Reeves sets out cuts to balance the books after budget watchdog’s verdict

The Chancellor updated MPs on the nation’s finances.

Evening Standard

Spring Statement 2025 LIVE: Rachel Reeves warned economic plans could be derailed as UK growth forecast slashed

Chancellor Rachel Reeves has presented her first highly-anticipated Spring Statement to parliament.

Dynamite News

Parliament Budget Session: SP MP Dharmendra Yadav asks govt to restore old pension scheme

Samajwadi Party MP Dharmendra Yadav on Monday raised major issues related to government employees in the Lok Sabha. Read further on Dynamite News: Read further on Dynamite News:

The Independent UK

Starmer leaves door open for more tax rises and spending cuts in spring Budget

But the prime minister also tried to play down fears of a repeat of Rachel Reeves’ shock £40 billion tax rise Budget

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The National (Scotland)

John Swinney urges Anas Sarwar to vote for Budget after Starmer Grangemouth pledge

The First Minister has called on Scottish Labour to support the Budget following Keir Starmer’s announcement of an extra £200 million for…

Evening Standard

UK businesses cutting jobs at fastest rate since 2020

Data from S&P Global showed that a decline in staffing numbers in February was the sharpest since November 2020.

The Independent UK

Revealed: The shocking number of pubs that closed for good last year

Pubs are set to come under further pressure when a raft of cost increases linked to the October Budget

The Independent UK

Embattled Rachel Reeves gets Budget boost with growth forecast – but Trump tariffs will damage UK economy

Think tank says GDP growth is likely to be 0.2 percentage points lower in the first year of tariffs if implemented by the US president

The Independent UK

Parents to be hit by 10% nursery fee rise in wake of Rachel Reeves’s tax hikes

Childcare providers have been hit by rise in employers’ national insurance announced by the Labour chancellor in the Budget

Evening Standard

M&S boss says Government must ‘act now’ as Budget risks shrinking UK retail

Stuart Machin, writing in the Sunday Times, called on Chancellor Rachel Reeves to ‘act now’ and make changes to her tax plans.

Evening Standard

Vertu Motors axes jobs and shuts showrooms on Sundays after Budget blow

It warned it was facing around an extra £10 million in wage costs in its next financial year from the Budget measures.

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