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The Latest Breaking News from Budget

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

The Independent UK

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

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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.

Evening Standard

Welsh Tories accused of having ‘given up’ after leader misses vote to go to US

Darren Millar, the leader of the Welsh Tories, and his colleague Russell George, missed the draft budget debate to go to a prayer meeting in the US.

Evening Standard

Admiral Taverns to weather Budget tax increases amid stronger trading

The pub firm, which runs around 1,400 sites, revealed stronger profits for the past year.

Evening Standard

Labour urged to stop standing on 'political sidelines' and back Budget

FINANCE Secretary Shona Robison has urged Labour to stop standing on the “political sidelines” and back the Scottish Government’s Budget to…

The National (Scotland)

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Budget 2025: Opposition protest over Maha Kumbh stampede amid Budget by Sitharaman

During the presentation of Budget 2025 by Finance Minister Nirmala Sitharaman in Parliament, opposition parties staged a walkout over Maha Kumbh stampede deaths. Must follow the story on Dynamite News.

Dynamite News

Voices: Rachel Reeves’s growth speech felt more like an emergency Budget

COMMENT: Allies insist that, after a gloomy start in the job, the chancellor had long planned to shift up a gear – but her announcement of a third Heathrow runway and a ‘Silicon Valley’ from Oxford to Cambridge felt suspiciously like someone in a hurry to correct her own mistakes,…

The Independent UK

Business groups welcome Reeves’ growth plans but remain ‘concerned’ about Budget

The Chancellor backed the expansion of Heathrow, and plans to turn Oxford and Cambridge into ‘Europe’s Silicon Valley’ in a bid to boost the economy.

Evening Standard

Why have SNP stripped all mention of independence from Scottish Budget?

“VICTORY for John Swinney”. That was how the Daily Record’s political editor characterised the news that the LibDems would be backing his…

The National (Scotland)

Greens and Lib Dems give their backing to the Scottish Budget

Deals agreed with the two parties to ease the path of the Budget will cost the Scottish Government £16.7 million.

Evening Standard

Halfords raises profit outlook but warns of uncertainty after Budget

Halfords now expects annual profits of between £32 million and £37 million, compared with the analyst consensus for £28.3 million.

Evening Standard

Reeves to water down tax raid on non-doms amid exodus of millionaires

The chancellor is to amend some of the changes to tax rules for non-domiciled individuals announced in October’s Budget

The Independent UK

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Evening Standard

Reeves defends Budget as she searches for growth in Davos

Chancellor Rachel Reeves said she wanted the tax burden to come down but that would depend on the economy and public finances improving.

Evening Standard

Rachel Reeves seeks to win over business chiefs in Davos with Thatcherite defence of Budget

Chancellor adopted one of Margaret Thatcher’s famous phrases to argue that ‘there is no alternative’

The Independent UK

The Revel Collective cautions over ‘damaging’ Budget hit and trading woes

The pub and bar group revealed it is set for annual profits to be knocked by £4 million from the Government’s recent Budget measures.

Evening Standard

Wetherspoons calls for pub food tax cuts ahead of Budget cost increases

It came as the hospitality giant revealed stronger sales for the half-year so far despite selling off more venues.

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news in one place.

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The Independent UK

Wetherspoons boss demands pub tax cut to end ‘discrimination in favour of dull dinner parties’

The pub chain will face an extra £60m in labour costs bill from April

Evening Standard

DFS profits rise but warns of rising costs post-Budget and weaker sofa demand

The furniture group said it expects to see an increase in costs this year, in part due to business tax rises announced in the October Budget.

Evening Standard

Young’s cheers jump in festive sales ahead of Budget headwinds

Total managed revenues were up 30.4% for the five weeks to January 13, with like-for-like sales up 11.6%.

Evening Standard

Currys warns it will hire fewer staff due to Budget cost hit

The group said last month it was facing an extra £32 million in wage costs from Budget measures and that price rises would be ‘inevitable’.

Evening Standard

Business confidence suffers biggest fall since Ukraine invasion after Reeves Budget

Accountancy body warns steep decline was driven by unprecedented concerns over the impact of the tax burden and weaker domestic sales growth.

Evening Standard

Two thirds of leading retailers warn Budget will force them to hike prices

The BRC poll of 52 chief financial officers found 70% are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months.

The Independent UK

Half of UK retailers plan to cut workforce in 2025 - and even more will raise prices

70 per cent of polled CFOs are ‘pessimistic’ or ‘very pessimistic’ about trading conditions over the coming 12 months

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