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The Latest Breaking News from Budget

Rachel Reeves prepares benefit fraud crackdown in Budget

The chancellor is expected to target Universal Credit reviews

The Independent UK

2.6 million people in London and South East to be hit by stealth income tax with Reeves Budget raid

The Chancellor is set to continue the income tax thresholds freeze, first introduced in 2022 by Rishi Sunak, until 2029/30

Evening Standard

Warning 1.3m more people could pay higher income tax rate after Reeves Budget

Concerns over the impact of a ‘stealth tax’ have been highlighted as the chancellor confirms inflation busting rise in the state pension

The Independent UK

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Reeves’ Budget is crucial for the UK economy – here’s why

All eyes are on Wednesday’s Budget after the UK economy stalled in recent months

The Independent UK

Why is this Budget so important for the UK economy?

On Wednesday, the Chancellor will unveil her latest autumn Budget amid growing concerns over weakness in the economy.

Evening Standard

Reeves pledges to ‘grip cost of living’ in Budget as tax hikes expected

Chancellor Rachel Reeves is grappling with weak economic growth, persistent inflation and an expected downgrade to official productivity forecasts.

Evening Standard

Rachel Reeves pledges to support working families and reduce waiting times with looming Budget

The chancellor is widely expected to raise levies on Wednesday to help close a multi-billion pound spending gap

The Independent UK

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Voices: ‘Calling her Rachel from accounts is unfair and sexist’: Readers call out gendered attacks on Reeves

YOUR VIEWS: Many in our community have highlighted that much of the pre-Budget criticism aimed at the chancellor carries sexist undertones

The Independent UK

PM says leaders should ‘stick to their word’ but fails to reaffirm tax pledge

The Prime Minister repeatedly declined to rule out hitting working people with extra tax in the Budget.

Evening Standard

Fact check: What has Labour pledged on income tax?

Ahead of next Wednesday’s Budget, Full Fact looks at the detail of Labour’s manifesto commitments.

Evening Standard

UK private sector growth slows due to business caution ahead of Budget

The S&P Global flash UK composite purchasing managers’ index (PMI) reported a reading of 50.5 in November, slipping from 52.2.

Evening Standard

Budget cannot see UK ‘muddle through’, says Reeves

The Chancellor stressed that the UK must take a ‘different path’ on the economy.

Evening Standard

Retail sales fall unexpectedly in October amid Budget hit to consumer confidence

Official figures showed retail sales by volume fell 1.1% during October, following an upwardly revised increase of 0.7% in September.

The Independent UK

Government borrowing figures exceed forecasts in pre-Budget blow to Rachel Reeves

With public sector borrowing surpassing predictions, the government faces further challenges just days before the Budget

Evening Standard

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The Independent UK

Government borrowing higher-than-forecast in pre-Budget blow to Chancellor

The Office for National Statistics said public sector borrowing stood at £17.4 billion last month, above the £14.4 billion official forecast.

Evening Standard

Consumer confidence ‘bleak’ as public braces for Budget

GfK’s long-running Consumer Confidence Index fell by two points to minus 19 in November.

The Independent UK

Starmer says Budget ‘based on fairness’ with crackdown on illegal working

Chancellor Rachel Reeves is widely expected to raise taxes on November 26 in order to fill a multi-billion pound gap in her spending plans.

Evening Standard

Celebrity hairdresser Nicky Clarke to offer ‘Budget Day’ haircuts including the Fiscal Fringe and Balanced Bob

The pop-up offers customers a chance to get an A-list worthy haircut for an affordable price

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Evening Standard

Consumer confidence tumbles amid ‘tumultuous’ build-up to Budget

Consumer expectations for the state of the economy over the next three months have fallen significantly, according to data from the BRC and Opinium.

The Independent UK

Starmer refuses to rule out freeze on income tax thresholds in Budget

Labour prime minister under pressure from Conservative leader Kemi Badenoch

The Independent UK

Watch live: Starmer faces final pre-Budget PMQs after inflation falls

Sir Keir Starmer is set to face his final Prime Minister’s Questions (PMQs) opposite Kemi Badenoch ahead of Labour’s highly anticipated Budget next week.

Evening Standard

Chancellor faces calls for wealth tax a week before second Budget

The Chancellor is widely expected to raise taxes on November 26 but is reported to have ruled out a manifesto-busting income tax hike.

The Independent UK

Tony Blair’s think tank joins calls for £300 cut in energy prices ahead of Budget

A report by the Energy Crisis Commission has called for next week’s Budget to include details on how the government will reduce the gap between electricity and gas prices

Evening Standard

More than 90% of London firms fear impact of further Budget tax hikes

Half of London firms say they will be forced to freeze pay, pause bonuses, or halt hiring

Evening Standard

More than half of firms freezing investment as Budget fears take toll – report

The Barclays survey found that 45% of small company bosses believe policy uncertainty is negatively impacting their firms.

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