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The Latest Breaking News from Budget

Holyrood votes to back 'progressive' Scottish Government budget

MSPs have voted to back the Scottish Government’s tax and spending plans in a Holyrood vote.

The National (Scotland)

Mortgage borrowing slumps by more than £1 billion as the fallout from the mini-Budget drags on

Mortgage approvals dropped to 35,600 in December, the lowest since May 2020.

Evening Standard

Paragon counts mini-Budget cost as buy-to-let loans shrink

Shares higher as overall lending rises even as mortgage market turmoil hits pipeline of new business

Evening Standard

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Widen tax base, do away with cess and surcharges: Experts ahead of budget 2023

NEW DELHI: Widening of the tax base, doing away with cess and surcharge, improvement in compliance and moderation in tax for emerging sectors are some of the suggestions submitted to the finance ministry ahead of the Budget by Think Change Forum (TCF).

The Times of India

Economists, charities, and everyone else: How Scotland reacted to the Budget

THE Scottish Government has laid out its Budget for 2023-2024 in a heated Holyrood session which saw accusations of leaking to the media fly…

The National (Scotland)

Robertson to go back to ‘basics’ for next Budget

For the first time since Labour came to power, Grant Robertson will stick with spending no more than promised at the upcoming Budget.

Newsroom.co.nz

Budget should focus on job creation, steps to broaden tax base: India Inc to finance minister

NEW DELHI: The budget should focus on measures to accelerate job creation and broaden the tax base by rationalising GST and personal income tax slabs to boost consumption, industry bodies said in their pre-Budget meeting with finance minister Nirmala Sitharaman on Monday.

The Times of India

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Pound falls as Jeremy Hunt announces tax rising Autumn Budget

The pound fell 0.9 per cent as the chancellor delivered the long-awaited Autumn Statement

The Independent UK

A quick guide to the autumn Budget ahead of Jeremy Hunt's statement

JEREMY Hunt is set to announce the autumn Budget in which he is expected to unveil spending cuts and tax rises.

The National (Scotland)

Kwasi Kwarteng accused of 'rewriting history' as he passes blame for crashing the economy

Former chancellor Kwasi Kwarteng has claimed he pleaded with Liz Truss to "slow down" her tax cutting rampage - even though he went on TV two days after the mini-Budget to boast it was just the start

Daily Mirror

London property market sees demand for homes almost halved since disastrous mini-Budget

The fall in demand for homes is far greater in London than any other UK region.

Evening Standard

UK house prices FALL for first time in 15 months after Mini-Budget chaos, says Nationwide

Property prices fell 0.9% compared to September to £268,282, according to Nationwide Building Society, the first monthly drop since July 2021 and also the biggest decrease since June 2020

Daily Mirror

Mortgages set to rise £6,700 a year after mini-budget crashed the economy

Many economists are saying that the Monetary Policy Committee is likely to raise interest rates again

Nottingham Post

General election now: Half of Tory voters now back vote as pressure builds on Sunak

New survey shows highest level of support for national vote since mini-Budget turmoil

The Independent UK

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The Independent UK

Tory mayor calls for tax rises over spending cuts in Rishi Sunak’s autumn budget

‘A little extra tax’ needed to support public services valued by public, says Andy Street

Birmingham Post

Mini-Budget 'screeching handbrake' U-turn divides opinion among businesses

Some business leaders have welcomed the news, while others have spoken of concern about the future of the economy

Daily Mirror

Mini-Budget U-turns mean interest rates may NOT rise as much as feared, say experts

The new Chancellor Jeremy Hunt this morning announced he will scrap major policies planned by his predecessor Kwasi Kwarteng, in an attempt to calm rattled markets

Daily Mirror

Use our Mini-Budget U-turns calculator to see how tax and energy shake-ups affect you

The Mirror has designed a special Mini-Budget changes calculator so you can check the direct impact on your salary and finances, as well as what the U-turns mean for your energy bills this winter

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The Independent UK

Jeremy Hunt says taxes will rise and ‘difficult’ cuts are needed after mini-Budget ‘mistakes’

Also refused to commit to PM’s pledged 1p cut in income tax and to raise defence spending to 3 per cent

Daily Mirror

What Bank of England emergency action means for your pension, mortgage and the pound

The Bank of England has been forced to intervene to help pension funds after the Mini-Budget spooked financial markets - but its emergency bond-buying programme is set to end on Friday

The Independent UK

No 10 reviews Kwarteng’s mini-Budget measures following market turmoil

Exclusive: Staffers told to undertake line-by-line scrutiny to see if changes are needed

The Independent UK

Which lenders have removed their mortgages as hundreds more deals pulled

321 more deals have been pulled as market calms after mini-Budget turmoil

Daily Mirror

Mortgage rates hit highest level in 14 years - surging past 6% in blow for buyers

A standard two-year fixed rate mortgage deal has risen to 6.07^ since Chancellor Kwasi Kwarteng’s Mini-Budget was announced last month, Moneyfacts has said in its latest analysis

Daily Mirror

Kwasi Kwarteng U-turn is too late to stop mortgages soaring, experts fear

More than 40% of mortgage products were pulled after the Chancellor’s Budget triggered a slump in the pound and fears of interest rate hikes. The average two-year fixed mortgage rate is now close to 6%

Evening Standard

Kwasi Kwarteng admits attending banker champagne reception after mini-Budget ‘wasn’t best idea’

Chancellor admits: ‘With hindsight it probably wasn’t the best day to go’

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