The Latest Breaking News from Budget

Currently, pensioners can take out a quarter of their pension pot tax-free, with a cap of £268,000 – but that could change as Reeves attempts to claw back billions

Getting older comes with its downsides, but not without its perks. Senior travelers can get budget-friendly discounts and other upgrades on anything from flights, vacation packages, car rentals,...

COMMENT: Party strategists are busy working out how to escape the chancellor’s doom loop of tax rises – and to crush damaging speculation about her boss’s ability to lead his party into the next general election. But the race to replace the PM may already have begun, says Andrew Grice

Labour chancellor has been warned of a £50bn black hole in the government’s finances and that inflation will see consumers hit with higher prices this winter

IN FULL

Labour prime minister pledged that plans to be set out in the autumn would make ‘sure people feel better off’

THE INDEPENDENT VIEW: Editorial: Rachel Reeves must use her autumn Budget to set aside manifesto commitments and put the public finances on a more sustainable footing. The most reliable and economically sound way is the most straightforward – and the most politically difficult

NIH will be able to fund fewer research grants in fiscal 2026, even if Congress provides more funding, due to administration budget maneuvers.

More tax hikes seem inevitable in Rachel Reeves’s Budget — and the capital is likely to face the worst of them, writes Jonathan Prynn