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The Latest Breaking News from Budget

Tesco faces £1bn national insurance hike amid price rise fears

Industry bosses have warned of soaring costs and job losses in the wake of Labour’s maiden budget

The Independent UK

Farmers plan splinter rally over Budget amid concern NFU event too small

The NFU said there were ‘legal issues’ preventing its members turning up in large numbers on the streets of Westminster.

The Independent UK

Bank of England cuts interest rates to 4.75% – but mortgages still set to rise

But experts forecast Rachel Reeves’s first Budget will drive up inflation over next two years

The Independent UK

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BT reveals prices will be reviewed under efforts to offset £100m Budget blow

The group joins the likes of Sainsbury’s, Marks & Spencer and Primark owner Associated British Foods in revealing soaring costs from Budget measures.

Evening Standard

Sainsbury’s boss: Barrage of costs from Budget will lead to higher inflation

The UK’s second largest supermarket firm said changes to national insurance rules will lead to a £140 million cost increase.

Evening Standard

Sainsbury’s boss: Budget-hit businesses will mean higher inflation for shoppers

Britain’s second-largest supermarket firm said changes to national insurance rules will add £140m to its costs

The Independent UK

Average UK house price hits record high in October

The housing market continues to change

The Independent UK

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Average UK house price hit record high in October, says Halifax

The average house price surpassed a previous peak in June 2022 during the ‘race for space’.

Evening Standard

Fact check: Defence spending was mentioned in autumn Budget

Rachel Reeves made clear references to increasing money for the Ministry of Defence while announcing the Government’s financial measures.

Evening Standard

‘Budget emperor has no clothes’ says shadow minister as MPs continue debate

The final day of debate on Labour’s first Budget in 14 years is taking place in the Commons.

The Independent UK

Farmers ‘worried about getting to next harvest’ stage protest over Budget plans

Farmers gathered outside the Northern Farming Conference in Northumberland warning that the proposals could ‘decimate the countryside’.

Evening Standard

Cost of living fears rise as pubs and supermarkets warn of Budget “double whammy”

Outspoken Wetherspoons boss Tim Martin is amongst those expressing concern

The Independent UK

UK companies warn of growing consumer costs after Budget tax rises

Retailers, housebuilders and hospitality firms all say Labour’s increase in employers’ national insurance contributions will lead to price rises.

Evening Standard

UK politics live: Davey accuses Badenoch of ‘cheerleading’ for Trump after Starmer snubs her call for apology

Lib Dems leader Ed Davey has Kemi Badenoch ‘s support for Trump shows she doesn’t reflect British values

The Independent UK

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Evening Standard

M&S warns of £60 million tax hit from Budget employers' NI reforms

The shares surged as M&S delivered first half profits well ahead of City forecasts

Evening Standard

Designer Tom Ford spends £80 million on spectacular Chelsea mansion

Deal was sealed before Budget stamp duty deadline saving the buyer around £1.6 million

Evening Standard

UK services sector growth eased in run-up to Budget

‘Heightened’ policy uncertainty led to growth slowing again in October, according to a closely watched business survey.

Evening Standard

Retailers suffer ‘disappointing’ October amid pre-Budget jitters

Total UK retail sales were up 0.6% year-on-year last month against a 2.6% increase last October, according to the BRC-KPMG Retail Sales Monitor.

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The Independent UK

Starmer warned over ‘militant’ backlash by farmers over inheritance ‘tractor tax’

Farmers are getting increasingly angry about the controversial plan to impose inheritance tax on many family farms as an MP warns that it will add to a severe mental health crisis in the sector

The National (Scotland)

John Curtice delivers verdict as poll shows drop in Labour's support in Scotland

POLLING expert Sir John Curtice has delivered his verdict on a new poll which showed Labour’s drop in support in Scotland since the Budget...

Evening Standard

Keir Starmer hits back at business tycoon Sir James Dyson attack on Budget as 'spiteful'

The Government insists its fiscal plans will boost economic growth

The Independent UK

James Dyson condemns Rachel Reeves’s Budget ‘tractor tax’ as ‘spiteful’

The businessman said the decision to tighten inheritance tax relief on business property is an ‘ignorant swipe at aspiration’

The National (Scotland)

Support for Scottish Labour plunges as voters fear Budget will leave them worse off

LABOUR’S support in Scotland has plunged after the Budget, with voters worried that Rachel Reeves’s tax hikes will make them worse off,…

Evening Standard

Chancellor: I was ‘wrong’ on taxes during election

Rachel Reeves said she had been ‘wrong’ because she did not ‘know everything’ about the state of the public finances.

Evening Standard

Treasury must fully fund public sector tax increase, insists Robison

Chancellor Rachel Reeves’s Budget included a hike in employers’ national insurance contributions.

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