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The Latest Breaking News from Budget

Sainsbury’s boss warns Budget tax hikes could send food prices higher

Chief executive Simon Roberts said the sector has already been hit with higher taxes and costs which have fuelled inflation.

Evening Standard

Electric car drivers could face new pay-per-mile tax under Treasury plans

Chancellor Rachel Reeves could be set to announce new EV levy that would cost average EV driver £279 a year

The Independent UK

Reeves accused of treating drivers ‘like a cash machine’ amid reports of pay-per-mile tax on electric vehicles

The Treasury is facing a fall in revenue from fuel duty as more people make the switch from petrol and diesel to electric cars

The Independent UK

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Child poverty biggest threat to UK’s long-term economic future – Gordon Brown

Mr Brown is expected to call for a ‘new coalition of compassion for children that will create a chain of hope for children right across our country’.

Evening Standard

Gordon Brown to issue warning on ‘shameful epidemic’ of child poverty in Britain

The ex-Labour leader will also call for Rachel Reeves to raise taxes on gambling firms to cover the cost of lifting the two-child benefit cap

The Independent UK

Reeves urged to examine ‘legality’ of Shell-Equinor deal to create new company

Campaigners opposed to the Rosebank oil field, of which Equinor is a majority shareholder, are amongst those raising concerns with the Chancellor.

Evening Standard

Rachel Reeves warned not to rely on business taxes to fill Budget black hole

The Confederation of British Industry said the Government ‘cannot pull the business tax lever once again to balance the books’.

Evening Standard

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Monsoon boss: Rates reform is the key to unlocking high street investment

Christmas is coming - but so is the Budget and retailers are feeling tense

Evening Standard

Budget tax hikes should be coupled with major reform, Osborne says

Tory ex-chancellor George Osborne conceded large reforms to the tax system can be difficult politically as he pointed to his 2012 ‘pasty tax’ budget.

Evening Standard

George Osborne issues stark warning to Reeves over tax hikes

The former chancellor described the government as ‘constrained by its promise’ after Labour’s general election manifesto pledged to not increase VAT, national insurance or income tax

The Independent UK

Minister doubles down on Reeves’ doom warning: ‘We will do what’s right for the future of our economy’

While the education secretary insisted the government takes its manifesto pledges seriously, she said there are ‘major problems’ plaguing the economy

The Independent UK

Barratt Redrow sells more homes despite ‘challenging’ market

The UK’s biggest housebuilder called on the Government to support first-time buyers as it updated investors on its recent trading.

Evening Standard

Met police issue statement with more information about missing Algerian prisoner – as it happened

Police say Brahim Kaddour-Cherif is believed to have links to Tower Hamlets and is also known to frequent the Westminster area

The Guardian - UK

Canada budget adds tens of billions to deficit as Carney spends to dampen Trump tariffs effect

Budget envisions significant increase in defence spending, cuts to civil service and ‘generational investments’

The Guardian - AU

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International Business Times UK

FTSE 100 on the Brink: Autumn Budget Could Cut Short Its Stunning Rally

The FTSE 100 has enjoyed a stellar 2025, but the upcoming Autumn Budget could threaten its impressive gains and alter its trajectory for the year.

Evening Standard

Government faces questions over tax rises after Reeves warns all must contribute

The Chancellor even faced calls from the Tories to resign if she goes ahead with raising taxes in the November 26 Budget.

Evening Standard

London house prices: new forecast reveals how much average home's value will increase by 2030

The average property in the capital is forecast to see a 13.6 per cent rise in value over the next five years — the lowest of any region in the country

Evening Standard

Income tax hike of at least 2p likely needed to plug Budget hole, warns Niesr

The economic think tank said the Chancellor needed to make ‘brave choices’ at the upcoming November 26 Budget.

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Evening Standard

Susanna Reid and Lorraine Kelly mock Rachel Reeves for 'bonkers' Downing Street Budget speech

Rachel Reeves put Britain on notice for higher taxes saying ‘we will all have to contribute’ to the country’s economic future in a speech on Tuesday

Evening Standard

‘Wait and see’ if Reeves ups income tax but I will cut it in Scotland – Sarwar

The Scottish Labour leader said taxes set by the Scottish Government are ‘too high’.

Evening Standard

Treasury ministers stand by farm tax plan

Exchequer Secretary Dan Tomlinson said the Government made ‘the right decision’ at last year’s budget to end a tax relief for farmers.

The Independent UK

Budget: Pound plummets after Reeves hints at tax rises – but government bonds rally

The chancellor refused to rule out tax hikes and said the upcoming Budget will focus on lowering inflation

Evening Standard

UK government bonds rally but pound falls further after Reeves speech

The Chancellor refused to rule out tax hikes and said the upcoming Budget will focus on lowering inflation.

The Guardian - UK

Pound hits lowest since April as investors anticipate budget tax rises; markets hit by AI valuation jitters – as it happened

Sterling drops against dollar as chancellor’s speech is taken as a sign that taxes will rise in the budget, and interest rates may fall faster

The Independent UK

Rachel Reeves speech latest: Chancellor has ‘no regrets’ if Labour breaks promise not to raise taxes in Budget

In recent weeks No 10 has repeatedly refused to re-commit to Labour’s manifesto pledges

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