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The Latest Breaking News from Budget

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

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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

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

The Independent UK

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.

Evening Standard

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

The Independent UK

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'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

Cycling Weekly

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

The Independent UK

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

Evening Standard

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

The Independent UK

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The Independent UK

Reeves signals manifesto-busting Budget will hike taxes

Rachel Reeves said sticking to Labour’s manifesto commitments would mean ‘deep cuts’ to investment, something she indicated she will not do.

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

The Independent UK

The 3 ways government could reduce energy bills for UK households without removing VAT

Green Alliance says the measures could reduce the typical household fuel bill by £178 a year

The Independent UK

Reeves ‘targets tax raid on employee pension contributions at Budget’

The move would offer a small boost to the battered public finances, mostly affecting high earners

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The Independent UK

Labour cannot afford many more weeks like this one

THE INDEPENDENT VIEW: Editorial: Starmer’s government has been busy emulating the ‘chaos and confusion’ that characterised the final days of the last Conservative administration, ahead of a Budget that will be profoundly depressing. If Labour is hoping to revive its fortunes, it will need to get a grip

Evening Standard

Rachel Reeves reveals she's planning to increase income tax at the Budget

The move would break one of Labour’s core manifesto promises in an attempt to close the black hole in public finances Reeves’ government inherited

The Independent UK

Rachel Reeves ‘plans to raise income tax’ in Budget

Chancellor reportedly looking to hike income tax but cut National Insurance in bid to place burden of tax rises on landlords and pensioners

Evening Standard

Government says ‘fairer’ motoring tax system is needed amid pay-per-mile report

Chancellor Rachel Reeves will unveil a policy to introduce a 3p per mile tax for EVs when she delivers her Budget, the Daily Telegraph reported.

Evening Standard

Motorists 'to be slapped with pay-per-mile tax by Rachel Reeves'

The new scheme is intended to try to close the £30 billion financial black hole the Chancellor faces in the budget at the end of the month

Evening Standard

ITV delays some programmes amid knock to ad spend prompted by Budget worries

The broadcaster said it is bracing for total advertising revenues to slump by around 9% over the final three months of the year.

The Independent UK

ITV blames late Budget for delaying TV programmes

The broadcaster said it is preparing to slash millions in a cost saving drive

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