The Latest Breaking News from Budget

Budget promises put to the test - Roll Call

Vague promises from GOP leaders to seek deep spending cuts put down a rebellion from conservative holdouts and secured the adoption of a budget resolution this month. But now Republicans must begin writing a reconciliation bill enacting much of President Donald Trump’s agenda with little sign of any resolution of…

Roll Call · Apr 14, 2025

Top economist urges Reeves to raise basic rate of income tax for first time in 50 years

Institute for Fiscal Studies boss Paul Johnson warned Donald Trump’s trade war is ‘badly buffeting’ the UK economy

The Independent UK · Apr 14, 2025

Budget vote postponed in House as GOP works to quell revolt - Roll Call

House GOP leaders punted on trying to adopt the Senate-revised budget blueprint Wednesday after a long day of negotiations.

Roll Call · Apr 9, 2025

Senate Republicans get ready to roll on revised budget - Roll Call

The compromise budget blueprint is designed to pave the way for a major package of tax cuts, border security and defense funding and more.

Roll Call · Apr 2, 2025

‘Was this new age austerity always coming?’ Your spring statement questions answered by Andrew Grice

ASK ME ANYTHING: In this exclusive Q&A session, The Independent’s political commentator Andrew Grice tackles welfare cuts, taxation, and the economic challenges facing the UK

The Independent UK · Mar 28, 2025

Wealthy and pensioners at risk of new tax raid in autumn Budget, experts warn

Chancellor has stopped short of ruling out further tax rises or spending cuts at the Budget as new poll reveals public losing confidence in Labour following spring statement

The Independent UK · Mar 27, 2025

Budget timeline moves up in Senate as GOP preps flexible targets - Roll Call

Senate Majority Leader John Thune says a compromise budget resolution could hit the floor for a “vote-a-rama” as soon as next week.

Roll Call · Mar 27, 2025

Rachel Reeves will soon be back to squeeze us again

THE INDEPENDENT VIEW: Editorial: The case with which Labour built its general election win – that it would fix the foundations of the economy – has been left woefully exposed by the chancellor’s spring statement

The Independent UK · Mar 26, 2025

Rachel Reeves Hit with £15 Billion Budget Bombshell as Surging Welfare Spending Exposed

Rachel Reeves is facing a serious financial headache ahead of her Spring Statement — a whopping £15 billion shortfall.

The Fashion Central · Mar 26, 2025

UK Spring Statement: Further budget cuts and halved economic growth

Britain's Chancellor of the Exchequer Rachel Reeves has laid out the latest on UK public finances. Her statement arrives at a moment when the nation needs to find billions to boost defence spending against the backdrop of an ailing economy. Here are the key takeaways.

Euronews · Mar 26, 2025