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The Latest Breaking News from Budget

Reeves urged to overhaul tax system and hike levies in breach of manifesto

Tax experts said the fiscal backdrop to the Chancellor’s November Budget is ‘desperate’.

Evening Standard

Budget situation is ‘desperate’, Reeves warned as experts say she has no choice but to raise big taxes

Labour chancellor told a ‘Scrabble bag’ of smaller increases will not rejuvenate UK’s faltering economy

The Independent UK

Bellway calls for Government to ‘commit’ to addressing home affordability issues

The housebuilder nonetheless said it sold more homes over the past year.

Evening Standard

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Unemployment rises to more than 1.7million as Budget jobs fall out gathers pace

Hard hit hospitality sector sees 59,000 jobs lost in past year according to ONS data

Evening Standard

Retail spending slows as Budget looms large

Non-food sales growth slowed to 0.7% against growth of 1.7% last September and below the 12-month average growth of 0.9%, the BRC and KPMG reported.

Evening Standard

Chancellor urged not to raise taxes on ‘drained’ businesses in Budget

The British Chambers of Commerce urged a reform of business rates.

Evening Standard

Forbes calls for windfall tax to be replaced at the coming Budget

The tax places a levy on the profits of oil and gas firms and is due to continue to 2030.

Evening Standard

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Rachel Reeves warned against pensions tax raid or annual wealth tax at budget

The chancellor is facing increasing pressure to rescue the UK’s troubled finances in the Budget but the IFS has warned against raiding pensions or levying a wealth tax

The Independent UK

Keir Starmer ‘planning to blame Nigel Farage and Brexit’ for budget tax hikes

Sir Keir Starmer has been ramping up his attacks on Nigel Farage in recent weeks as Labour falls behind in the polls

The Independent UK

Home buyer demand weakens for third month in a row as sales fall – surveyors

Uncertainty around potential measures in the Budget is likely adding to cautious sentiment, the Royal Institution of Chartered Surveyors said.

Evening Standard

5 Everyday Discounts Seniors Qualify For—But Hardly Anyone Knows About

Getting older comes with its perks—but many seniors aren’t taking full advantage of them. Beyond the well-known restaurant or movie discounts, there are dozens of lesser-known savings that can make a real difference to a retiree’s budget. From utilities to travel, many companies quietly offer senior discounts that go unclaimed…

Grocery Coupon Guide

Data error gives Rachel Reeves an extra £3bn for Budget – but she still has to find up to £40bn

The latest revisions hand a rare boost to the beleaguered chancellor, who is gearing up for a difficult Budget next month

The Independent UK

Average UK worker would need to save 52 years of earnings to be wealthy

The average Brit would need to work for over half a century with no outgoings to move into the wealthiest bracket, according to analysts

The Independent UK

Irish Government increases spending and scales back planned tax measures

Ministers pledged to ‘secure jobs and stability at a time of global challenge’.

The Independent UK

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The Independent UK

Average UK house price fell by £794 in September, says Halifax

The bank said a relatively lower mortgage rate environment and steady wage growth have helped support buyer confidence.

Evening Standard

House prices: the average UK property price fell by £794 in September

The bank said a relatively lower mortgage rate environment and steady wage growth have helped support buyer confidence.

The Independent UK

Starmer faces cabinet revolt over Budget tax rises that could drive wealthy away

‘The trouble is we have crossed a line in trying to encourage aspiration. The non-dom change and the VAT on school fees have sent the opposite message,’ minister tells The Independent

The Independent UK

Supermarket boss declares ‘enough is enough’ ahead of Autumn budget

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Evening Standard

Hopes of growth among London small businesses falls to lowest level since the pandemic

Fears of what the Budget might bring in November appears to be depressing confidence says survey

Evening Standard

London tax bombshell: 170,000 would be hit by stealth income threshold freeze extension

Rachel Reeves admitted during the Labour Party Conference that she no longer stands by her pledge last year not to raise taxes

The Independent UK

Greggs confirms price rises on popular deals following weak summer sales

Greggs boss said its stores ‘still offers exceptional value’ with menu deals

Evening Standard

Greggs calls for no ‘surprises’ in Budget as it raises prices this week

Chief executive Roisin Currie confirmed a set of price hikes would be taking place on its menu.

The Independent UK

House prices on the rise again – but one property type is bucking the trend

Houses prices increase while cost of flats fall – as Budget uncertainty forces buyers to put moving plans on hold

Evening Standard

Autumn Budget uncertainty weighing on consumer confidence, Taylor Wimpey says

The Buckinghamshire-based housebuilder nonetheless said it was ready to lean in to the ‘pressing need’ for new homes in the UK.

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