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The Latest Breaking News from Budget

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

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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

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

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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.

Evening Standard

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 Independent UK

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...

The National (Scotland)

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

Evening Standard

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 Independent UK

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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.

The Independent UK

Voices: Young people who make it big have won life’s lottery

COMMENT: Labour’s Budget was billed as a bonanza for Gen Z, but it won’t be enough to get you on Heat magazine’s wealthiest 30-under-30 list, says Olivia Petter

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Evening Standard

Budget tax hikes will be ‘devastating’ for charities, body warns

The National Council for Voluntary Organisations said charities across the UK will be forced to make ‘difficult choices’.

Evening Standard

Tension, anger and frustration ‘so tangible’ among farmers after Budget – NFU

Britain’s farmers and growers will take part in a mass lobby of their MPs later this month.

The Independent UK

Ryanair to cut flights by 10% from major UK airports as boss calls Budget air tax rise ‘idiotic’

Chief executive Michael O’Leary said a planned rise in air passenger duty would make air travel ‘much more expensive’.

Evening Standard

Ryanair to cut UK flights by 10% as boss calls Budget air tax rise ‘idiotic’

Chief executive Michael O’Leary said a planned rise in air passenger duty would make air travel ‘much more expensive’.

The National (Scotland)

Scottish councils call for 'fair share' of additional funding from UK Budget

SCOTLAND’S councils have written to the UK and Scottish governments calling for their “fair share” of the extra funding announced in the…

The Independent UK

We’ve all got Liz Truss PTSD, says minister as he defends market reaction to Budget

Treasury minister says situation after Truss’ mini-Budget ‘completely different in contrast to now’

Evening Standard

S&P and Moody’s warn of fresh constraints to public finances after Budget

The ratings agencies were responding to Chancellor Rachel Reeves’s plan to lift borrowing and change the UK’s fiscal rules to allow it.

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