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The Latest Breaking News from Budget

Average house price revealed as market sees largest November drop since 2012

More than a third of homes available for sale have had an asking price reduction

The Independent UK · Nov 16, 2025

Angela Rayner’s reappearance is a further damning of Starmer’s leadership

COMMENT: Editorial: With Labour in turmoil and the Budget still more than a week away, the resurgence of the prime minister’s former deputy adds further complication that Keir Starmer could do without

The Independent UK · Nov 16, 2025

Rachel Reeves urged to scrap international student levy over concerns for growth

Business groups slammed ‘university tax’ and warned a rise in fees will have ‘unintended consequences’ for the UK

The Independent UK · Nov 16, 2025

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Income tax U-turn will only hasten Starmer’s departure, MPs warn

Ministers and backbenchers reacted with despair to U-turn and claimed the prime minister was ‘weakened’

The Independent UK · Nov 15, 2025

Reeves to freeze thresholds after ditching planned income tax hike – reports

The Chancellor is understood to have U-turned after improved forecasting from the Office for Budget Responsibility.

Evening Standard · Nov 15, 2025

Reeves ‘plots new property tax’ in Budget after income tax U-turn

Chancellor could bring in new levy on high-value properties and maintain the freeze on thresholds

The Independent UK · Nov 15, 2025

Rachel Reeves’s U-turn on income tax is needless, cowardly – and wrong

THE INDEPENDENT VIEW: Editorial: The chancellor’s decision to break a manifesto pledge cannot so easily be flipped from yes to no, especially when there has been no change in the economy to warrant it. This is no way to run a government

The Independent UK · Nov 14, 2025

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Financial markets grow fretful after reports of UK government abandoning income tax hike

British financial assets were under pressure Friday on growing speculation that the Labour government has ditched plans to raise income taxes in a crucial budget at the end of the month

The Independent UK · Nov 14, 2025

‘The speculation is ridiculous’: Readers vent frustration over Budget uncertainty

YOUR VIEWS: Our community is split over Rachel Reeves’ upcoming Budget, with many frustrated by speculation and uncertainty, while others defend her cautious approach

The Independent UK · Nov 14, 2025

Zaldy Co Revelation: Marcos 'Ordered' P100B in Budget 'Insertions', Romualdez Told Him 'Stay Out' of PH

Zaldy Co alleges Marcos ordered a P100B budget insertion and Romualdez told him to 'stay out' of the PH, fearing he's being made a 'scapegoat' and vowing to show 'receipts.'

International Business Times UK · Nov 14, 2025

Zaldy Co Dares Critics: 'Examine the Documents in Full' Before Making 'Conclusions'

Zaldy Co challenges critics to 'examine the documents' on his P100B budget claims against Marcos. Lacson fires back, dismissing the claims and demanding Co testify under oath.

International Business Times UK · Nov 14, 2025

UK Budget process in ‘complete chaos’, says Scotland’s Finance Secretary

Reports suggest Chancellor Rachel Reeves has scrapped plans to hike income tax.

Evening Standard · Nov 14, 2025

Sarwar urges Reeves to scrap two-child cap in Budget

The Chancellor will unveil her Budget later this month.

Evening Standard · Nov 14, 2025

Nightmare on Downing Street: 'Iron Chancellor' loses her mettle with Budget U-turn and Starmer in coup chaos

Commentary: Two startling own goals in a week have damaged Sir Keir Starmer and Rachel Reeves’ authority

Evening Standard · Nov 14, 2025

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Evening Standard · Nov 14, 2025

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 · Nov 14, 2025

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 · Nov 14, 2025

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 · Nov 14, 2025

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.

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Evening Standard · Nov 14, 2025

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 · Nov 14, 2025

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 · Nov 14, 2025

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 · Nov 13, 2025

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 · Nov 13, 2025

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

The Independent UK · Nov 13, 2025

UK economic growth slows ahead of Budget

IN FULL

Evening Standard · Nov 12, 2025

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

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People

”Ferdinand “Bongbong” Marcos Jr.

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Martin Romualdez

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