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The Latest Breaking News from Budget

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 · Oct 23, 2024

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 · Oct 23, 2024

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) · Oct 23, 2024

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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 · Oct 23, 2024

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 · Oct 23, 2024

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 · Oct 23, 2024

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 · Oct 23, 2024

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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 · Oct 22, 2024

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 · Oct 22, 2024

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.

Evening Standard · Oct 21, 2024

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…

The National (Scotland) · Oct 21, 2024

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) · Oct 21, 2024

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 · Oct 17, 2024

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 · Oct 17, 2024

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The Independent UK · Oct 17, 2024

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 · Oct 17, 2024

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 · Oct 15, 2024

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 · Oct 12, 2024

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.

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news in one place.

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Evening Standard · Oct 10, 2024

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

The Independent UK · Oct 8, 2024

HS2 rail line will run into London Euston, transport secretary Louise Haigh hints

The government is expected to make an announcement around the time of the Budget

Evening Standard · Oct 8, 2024

Pensioners will keep their free bus passes, says Cabinet minister Louise Haigh ahead of the Budget

The pledge was made after the cuts to the winter fuel payments for most pensioners

The Independent UK · Oct 5, 2024

Budget 2024: Five key tax takeaways at a glance

Chancellor announces biggest raft of tax hikes in any budget since 1993

The National (Scotland) · Oct 3, 2024

Labour warned cuts plans are 'Liz Truss levels of economic vandalism'

LABOUR have been warned their plans to cut billions from government budgets are “Liz Truss levels of economic vandalism”.

Evening Standard · Sep 23, 2024

OPINION - Rachel Reeves embraces optimism – but the sting will be in the Budget

In early August 1979, Peter Cropper, a special advisor to newly-installed chancellor of the exchequer, Geoffrey Howe, sent a memo to colleagues. They should, he warned them, "stop being so downbeat. The world economy may be gloomy but there's absolutely no need for us to be gloomy."

The National (Scotland) · Sep 23, 2024

Tens of thousands sign petition urging Chancellor to 'protect older people' in Budget

MORE than 60,000 people have now signed a petition calling on the Chancellor to “protect older people” in the upcoming Budget...

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