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The Latest Breaking News from Budget

UK stocks dive as tech bubble worries and Budget speculation mount

The index was losing around 140 points, or about 1.4%, on Friday morning.

Evening Standard

Government borrowing costs rise in wake of income tax U-turn speculation

Reports that the Chancellor has scrapped her plans to raise income tax at the Budget has sparked a sell-off in UK Government bonds.

Evening Standard

Rachel Reeves’ tax U-turn reports spark UK government bond sell-off

Experts said bond markets have baulked at the speculation as it leaves the Chancellor scrambling to fill a gaping black hole in the nation’s finances.

Evening Standard

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Reeves not ‘playing fast and loose with people’s money’ amid tax U-turn reports

Culture Secretary Lisa Nandy would not be drawn into speculation that Ms Reeves has abandoned plans for the manifesto-breaking tax hike.

Evening Standard

Reeves dumps plan to raise income tax in screeching Budget U-turn sending spooked markets into slide

Chancellor abandons plans to raise income tax over fears they could spark a huge backlash among voters and backbench Labour MPs

Evening Standard

Stealth tax alert: Reeves Budget to make record 10m pay Income Tax higher rate if she freezes thresholds

A further two-year freeze on Income Tax thresholds would drag 790,000 more people into paying the 40% higher rate, according to the IFS

Evening Standard

Reeves urged to cut windfall tax and not ‘sacrifice’ oil and gas workers

The Chancellor is due to deliver her budget later this month.

Evening Standard

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Stocks fall amid weak GDP print ahead of Budget

The FTSE 100 index closed down 103.74 points, 1.1%, at 9,807.68.

Evening Standard

Well-off London cyclists face being clobbered by 'Mamil Tax' in Rachel Reeves Budget

The Chancellor appears to have in her sights on so-called ‘Mamils’ - middle-aged men in Lycra

Evening Standard

UK economic growth slows ahead of Budget

IN FULL

The Independent UK

Labour Traitors war: Who has been accused of plotting against the Prime Minister and why?

Sir Keir Starmer was forced to condemn ‘completely unacceptable’ briefings against his Health Secretary, Wes Streeting

Evening Standard

Kirstie Allsopp calls for stamp duty to be abolished in Reeves’ Budget

The Location, Location, Location presenter told a committee she believed the tax is ‘damaging’ housing stock

The Independent UK

December Rate Cut Looms as Jobless Rate Returns to COVID 19 Level

The UK's rising unemployment rate and stubborn inflation suggest the Bank of England may cut interest rates in December, amid economic uncertainty.

International Business Times UK

London pubs boss urges Reeves to spare struggling sector from more Budget punishment

Fuller’s boss said the pub chain faced an £8m increase in costs as a result of last year’s Budget

Evening Standard

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The Independent UK

Six big changes to expect from Reeves’ Budget and how they’ll impact your finances

Pensions, the cash ISA and more could all be set for notable alterations

Evening Standard

Reeves torpedoes Labour's manifesto in huge Budget tax gamble which could put Farage in No10

Commentary: The Chancellor has been so clear that she is going to torch the party’s manifesto tax promise that a U-turn now would stun Westminster

The Independent UK

Over 100 groups call for Labour to fully scrap two child benefit cap: ‘Do the right thing’

‘Abolishing the two-child limit in full will set millions of children’s lives on a path to a brighter future’, major organisations say

Evening Standard

Prime Minister could face leadership challenge after Budget, say Labour insiders

The Labour leader is increasingly concerned about his party’s dip in support which may result in serious losses at next year’s local elections

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The Independent UK

Jet2 boss urges Chancellor against raising travel tax ahead of Budget

Exclusive: ‘People want to be looked after, forget about daily life, and just relax,’ says CEO Steve Heapy

The Independent UK

Voices: The UK used to proudly lead the world on international aid – now we don’t save lives that we should

COMMENT: The £150m cut to the UK’s contribution to the Global Fund to Fight Aids, Tuberculosis and Malaria is a mistake, writes MP Fleur Anderson. But the upcoming Budget is a chance to change course

Roll Call

House Budget Chairman Jodey Arrington announces retirement - Roll Call

Republican Rep. Jodey C. Arrington of Texas won’t seek reelection in 2026, closing out a tumultuous run as House Budget chairman.

Evening Standard

Autumn Budget: Timeline of key economic data before November 26

Key datasets are due to be published in the run up to Rachel Reeves’s statement.

The Independent UK

Keir Starmer hints he could scrap two-child benefit cap in Budget

The prime minister said his government will be ‘taking a number of measures’ to tackle child poverty

Evening Standard

Unemployment rate hits highest outside Covid years for almost a decade

Experts said the weaker-than-expected figures reinforce the case for the Bank of England to cut interest rates next month.

The Independent UK

Jobless rate hits highest since Covid in blow to Reeves before Budget

The ONS said the unemployment rate rose to 5% in the three months to September

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