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The Latest Breaking News from Budget

Scottish Greens could vote against Budget if it cuts funding for councils

Green MSPs could vote against the Scottish Government’s Budget if ministers try to cut the cash provided to councils.

The National (Scotland)

Rachel Reeves confirms change to debt rule and warns of higher taxes ahead of Budget

Taxes and borrowing are both set to increase as Rachel Reeves signalled she would rewrite the way government debt is measured in her first Budget ...

The National (Scotland)

Budget 2024: Homeowners 'to be hit with high mortgage bills for longer' as Rachel Reeves borrows billions

The Chancellor is also set to announce a string of tax rises in the Budget on October 30

Evening Standard

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Budget 2024: Chancellor Rachel Reeves to go on '£20 billion' investment spree in UK through higher borrowing

A string of tax rises are also expected to be announced in the Budget many of which will hit London hard

Evening Standard

Reeves promises ‘reset for our economy’ as she prepares for first Budget

The Chancellor said she will make the UK ‘a rock of economic stability’.

The Independent UK

Rachel Reeves set to borrow billions for investment after announcing major change to fiscal rules

Ex-Tory chancellor Jeremy Hunt warns he was advised by the Treasury that ‘increasing borrowing meant interest rates would be higher for longer – and punish families with mortgages.’

The Independent UK

‘No reason’ for Budget to make entrepreneurs want to leave UK, Starmer insists

The Prime Minister hailed the October 30 fiscal event, Labour’s first Budget for 14 years, as a historic moment.

Evening Standard

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Trade unions and health experts to have their say on child poverty plans

The Government’s strategy on child poverty is intended to alleviate the ‘negative experience’ of living in poverty.

Evening Standard

Scottish Greens call for ‘mansion tax’ in exchange for Budget support

THE Scottish Greens have urged ministers to bring in a so-called “mansion tax” if the party is to support its Budget.

The National (Scotland)

Lloyds finance chief says UK bank sector needs ‘competitive, stable’ tax regime

Finance chief William Chalmers said the bank would welcome a Budget that aligns with the Government’s ‘pro-growth agenda’.

Evening Standard

Budget 2024: What time will tax-raising Budget speech by Labour Chancellor Rachel Reeves start on Wednesday?

And how long will it be?

Evening Standard

Budget 2024: Rachel Reeves says 'main taxes on working people' won't rise

Chancellor’s comments leave door open to raft of other tax rises, many of which could hit London hard

Evening Standard

Reeves sympathetic towards ‘mess’ ministers face ahead of Budget

The Prime Minister has previously warned that the Budget next Wednesday would be ‘painful’.

The Independent UK

Public sector pay rises hand Reeves a £6.7bn headache ahead of Budget

The surprise rise in borrowing came despite the cut to Britain’s expenditure on winter fuel allowances

The Independent UK

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Evening Standard

UK borrowing surges past official forecasts ahead of Budget

The ONS said public sector net borrowing in the first half of the financial year stood at £79.6 billion, £6.7 billion higher than forecast by the OBR.

Evening Standard

Cabinet is ‘united’ on Budget, says Reeves after ministers settle spending plans

The Chancellor said it was ‘right’ that Cabinet ministers had attempted to get the best settlements possible for their departments.

The National (Scotland)

Labour's £40bn black hole 'the same as Brexit costs UK annually', figures show

THE Labour Government is facing pressure to be “honest” about the impact of Brexit ahead of their first Budget – after a minister admitted…

The National (Scotland)

Change 'fiscal rules' so UK can catch up internationally, John Swinney urges Labour

THE Labour Government should change its fiscal rules to allow borrowing for public sector investment, First Minister John Swinney will say in a…

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The Independent UK

How will the Budget affect my savings and what should I do?

Reports that pensioners could have tax breaks cut or axed have led to savers withdrawing chunks of their retirement pots ahead of the chancellor’s announcement

The Independent UK

AJ Bell calls for pension ‘tax lock’ amid savers’ Budget worries

The investment platform said it has seen changes in tax-free cash withdrawals as well as contributions to pensions ahead of the October 30 Budget.

The Independent UK

Tax-free cash withdrawals ‘surge while pension contributions plummet’ as savers panic over Budget rumours

A shake-up of the UK’s generous pension tax allowances has been feared for several years as chancellors search for ways to raise money without further indebting the country or raising income tax

The Independent UK

Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts

Senior ministers are pushing back against cuts as Rachel Reeves finalises her first Budget as chancellor

The Independent UK

Voices: Starmer says ‘working people’ shouldn’t fear the Budget – but who are they? Join The Independent Debate

THE INDEPENDENT DEBATE: As ministers offer conflicting views on whether high earners, landlords, and those with investment income should be included in the group protected from tax increases in Labour’s Budget, we want to know how you would define ‘working people’

Evening Standard

Budget will boost living standards, revive NHS and ‘rebuild Britain’ – Starmer

Sir Keir Starmer said his three priorities were making people better off, ensuring the NHS is fit for the future and rebuilding the country.

Evening Standard

Budget 2024: Which taxes will Chancellor Rachel Reeves raise in the Budget?

Increases in National Insurance for employers, inheritance tax, capital gains tax and stamp duty are expected in the Budget on October 30

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