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The Latest Breaking News from Budget

Defiant Rachel Reeves says she will be Chancellor for years and pledges to ‘defy her critics’

A defiant Rachel Reeves has said she will be Chancellor for years and is “determined to defy her critics” following her controversial Budget.

The Independent UK

Keir Starmer to back Rachel Reeves’ Budget amid row over deficit claims

Sir Keir will use a speech to support the decisions taken by Ms Reeves in the Budget

The Independent UK

Watchdog urged to investigate pre-Budget briefing over deficit claims

SNP Westminster leader Stephen Flynn described the Budget as ‘built on a lie’.

Evening Standard

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Calls to investigate claims Treasury misled the public

The Treasury has been accused of giving ‘deliberately false and misleading’ briefings ahead of the Budget

The Independent UK

‘This country is a mess and Reeves’s Budget made things even worse – I won’t vote for Labour again’

BUDGET 2025: Labour will need the Budget to go down well with swing voters in areas such as Sheerness and Kensington if the party is to stand a chance of holding onto power at the next general election. Dan Haygarth and Hebe Campbell spoke to locals to see if they…

The Independent UK

Rachel Reeves faces calls to quit after watchdog contradicts her £30bn ‘black hole’ warning

The Chancellor faces cross-party anger after revelations that the UK’s supposed £30bn fiscal gap was actually just £2.5bn, fuelling claims she misled voters to justify tax rises

Evening Standard

Reeves defends £26bn tax raid after Budget backlash as watchdog urged to investigate ‘false briefings’

The chancellor doubled down on her tax hikes, saying she wasn’t willing to cut public services

The Independent UK

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Higher business taxes to cost pub sector £150m and threaten jobs – analysis

Firms will end up paying more despite business rates being lowered in the Budget, industry bosses are warning.

Evening Standard

Reeves accused of misleading public on Budget black hole to justify £26bn tax raid

Badenoch claims chancellor ‘lied to the public’ and was ‘bribing Labour MPs to save her own skin’

The Independent UK

Stocks end winning week up despite hit for Premier Inn owner Whitbread

Whitbread slid 11% after warning that changes to business rates in Wednesday’s Budget will materially increase costs in the next financial year.

Evening Standard

Pubs warn alcohol prices will rise even more as industry hit by 'brutal' Budget

A slew of price increases are hitting pubs after Rachel Reeves’ budget, with many doomed to close

Evening Standard

Premier Inn owner’s costs to rise by up to £50m after business rates changes

Whitbread is among hotel owners to be hit hard by changes in valuations linked to next year’s business rates payments.

Evening Standard

Businesses are changing their recruitment strategies after Budget, poll shows

Businesses were largely spared from targeted tax hikes in the Budget but some measures set out by the Chancellor could indirectly affect firms.

The Independent UK

How homeowners’ plans to downsize could be impacted by Budget as mortgage rates fall

A new mansion tax and falling interest rates for mortgage deals might have older homeowners considering a move

The Independent UK

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Evening Standard

Home sales fell by 2% annually in October – HMRC

Property experts said they expect to see more sellers come to the market in the short-term, following the Budget which took place on Wednesday.

Evening Standard

'Mansion tax' could wipe £150,000 off top-end homes in London targeted by Reeves Budget

One in four of the properties hit by the new surcharge are in just three London boroughs; Kensington and Chelsea, Westminster and Camden, according to the Institute for Fiscal Studies

Evening Standard

Four claims from the 2025 Budget debate fact checked

Full Fact takes a look at claims about tax thresholds, NHS appointments, unemployment and house building.

Evening Standard

Budget threatens jobs and venues, pub bosses warn as business rates rise

Pubs, restaurants and small shops are all expected to see their property tax payments jump from the next financial year.

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Evening Standard

Mansion tax to wipe £10,000s off value of London homes hit by new levy in Reeves Budget

One in four homes which will pay the property surcharge are in just three London boroughs; Kensington and Chelsea, Westminster and Camden

The Independent UK

Watch: Reeves stumbles as she’s confronted over broken Labour manifesto promises

Susanna Reid left Rachel Reeves flustered after questioning her on accusations she broke Labour’s manifesto promises in the Budget.

Evening Standard

US banks announce UK expansion in ‘commitment’ to economy post-Budget

JP Morgan Chase has unveiled plans to build a new tower in London’s Canary Wharf.

The Independent UK

US banking giant to build new Canary Wharf headquarters

Chancellor Rachel Reeves avoided imposing new taxes on the banking sector in her Budget

Evening Standard

Sadly, this taxing Reeves Budget does nothing for business or growth

Labour has no ministers with any business experience and appear deaf and unsympathetic to what is required for growth.

Evening Standard

Martin Lewis: Income tax freeze 'breaks spirit of Labour manifesto and 1p rise would be less damaging'

In her Budget on Wednesday, Rachel Reeves announced £26 billion of tax rises

The Independent UK

Reeves’ stealth tax hits low earners harder than ‘sensible’ income tax change, says top think tank

People earning less than £35,000 a year will pay more than if chancellor had raised basic rate by 1p, says Resolution Foundation

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