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The Latest Breaking News from Budget

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.

The Independent UK

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.

Evening Standard

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

The Independent UK

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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.

Evening Standard

Rachel Reeves ‘will announce milkshake tax’ in Budget

Exemption for milkshakes in sugar tax could come to an end when Chancellor announces Budget

The Independent UK

Starmer ‘not available for Budget meeting’, says Swinney

The First Minister claimed it was easier for him to meet Donald Trump than the Prime Minister.

Evening Standard

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Shares in pipes giant Genuit slump on impact of Budget "uncertainty"

FTSE 250 company downgrades its guidance for full year profits amid “subdued market conditions”

Evening Standard

FTSE 100 Live 17 November: Asia tensions hit Burberry shares, Budget rumours warning

The FTSE 100 index is steady at the start of a big week of economic and corporate updates.

Evening Standard

Budget uncertainty blamed for 'bigger than usual' drop in November house prices

Speculation about the contents of the Autumn Budget is fuelling uncertainty across much of the market, particularly at the upper end

Evening Standard

Stocks hit and bond yields jump amid tax U-turn talk

The FTSE 100 Index closed down 109.31 points at 9,698.37.

Evening Standard

Londoners who own expensive homes face being hammered in Budget after Reeves U-turn to dump income tax rise

A new ‘mansion tax’ or higher council tax bands for costly properties are measures the Chancellor could announce

Evening Standard

Income tax – live: Markets spooked after Reeves U-turn on major Budget tax increase

Chancellor reported to have abandoned plans over fears they could anger both voters and backbench Labour MPs

The Independent UK

Chancellor abandons planned income tax hike because of improved forecasts

The PA news agency understands the strength of tax receipts has improved the numbers from the OBR, allowing for the U-turn.

The Independent UK

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The Independent UK

Does the Budget make a good or a bad time to put my home on the market?

Big fiscal statements from the government can impact home prices as well as the wider market activity

Evening Standard

DFS shrugs off shoppers’ Budget worries as orders rise

The sofa chain said ‘self-help’ cost-cutting measures are also helping it weather rising inflation and soaring staff costs.

The Independent UK

Rachel Reeves to ditch plan to raise income tax in Budget

Chancellor set to abandon income tax hike plan amid fears move could anger voters

Cycling Weekly

'Taxpayers shouldn't be footing the bill for luxury leisure' – Cycle to Work scheme expected to be limited in upcoming Budget

A new cap is likely to be introduced

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The Independent UK

Jet2 launches flights from Gatwick for the first time

New entrant will face competition from UK’s biggest budget airline as well as Tui and Wizz Air

The Independent UK

Keir Starmer latest: Half of Britons want Starmer to quit as Labour leader now after ‘coup attempt’, finds poll

The new YouGov polling revealed just over a quarter (27 per cent) of respondents think the PM should remain Labour leader and the other 23 per cent don’t know

The Independent UK

Name and shame ‘shrinkflation’ culprits, Reeves urged ahead of Budget

Reeves must declare ‘war on bills’ at the Budget, the IPPR says

The Independent UK

Millionaires group urge Reeves to introduce wealth tax to ‘lift kids of out poverty’

This appeal comes ahead of Reeves’s upcoming Budget announcement in Westminster later this month

Evening Standard

Two-child benefit cap will be lifted in the Budget, hints PM Keir Starmer

‘You won't have to wait much longer to see what the measures are (to tackle child poverty)’ - Sir Keir Starmer

The Independent UK

Half of employers could raise prices if cost of hiring goes up in Budget

Many businesses have been hit by rising employment fees, packaging costs or rates relief ending this year

Evening Standard

Labour's flagship manifesto pledge on tax to be ripped up, Reeves makes clear ahead of Budget

The Chancellor said sticking to Labour’s manifesto commitments would mean ‘deep cuts’ to capital spending, something she indicated she will not do

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