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The Latest Breaking News from Budget

Tough times for the ‘Iron Chancellor’ who needs to regain the nation’s trust

THE INDEPENDENT VIEW: Editorial: As Rachel Reeves addresses the growing fiscal crisis in the House of Commons, there is a worrying sense that the work Labour did before the election to gain the confidence of business, attract investment and create jobs is being squandered in what will feel to many…

The Independent UK

Rachel Reeves refuses to rule out spending cuts amid economic turbulence

RACHEL Reeves has refused to rule out spending cuts – just a day after the Prime Minister declined to say whether Labour would take the axe to…

The National (Scotland)

Angela Rayner warned new workers’ rights plan could prompt ‘ugly rush’ to sack staff

Labour chancellor Rachel Reeves also accused of undermining business confidence and trust with surprise national insurance hike in the Budget

The Independent UK

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Pound falls again and borrowing costs hit new high but Keir Starmer gives Rachel Reeves 'full confidence'

No10 said Chancellor will remain until the next election as pressure mounts on her amid the economic problems facing Britain

Evening Standard

Voices: Rachel Reeves is heading for the brick wall of an emergency Budget

COMMENT: The chancellor has only herself to blame for failing to give herself any escape routes from humiliation, writes John Rentoul

The Independent UK

Rachel Reeves backs ‘non-negotiable’ October Budget during visit to Beijing

The Chancellor of the Exchequer vowed to stand firmly behind her fiscal plan when asked if she will need to rethink her economic strategy.

Evening Standard

Reeves defiant over China trip in face of growing criticism and economic turmoil

Labour chancellor accused of ‘undesirable’ policies and ‘incompatible promises’

The Independent UK

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Boots enjoys Black Friday boost as it cashes in on beauty trends

The health and beauty retailer said it experienced particularly strong demand for Korean skincare products.

Evening Standard

Culture Secretary to intervene with BBC amid row over The Traitors' Scottish budget

SCOTLAND’S Culture Secretary will look to meet with the BBC and Ofcom amid “shocking” claims that the BBC’s flagship reality show The…

The National (Scotland)

Patrick Harvie says Greens yet to make 'final decision' on Budget vote

THE co-leader of the Scottish Greens says his party is yet to make a “final decision” on whether to support the Scottish Budget, and still…

The National (Scotland)

Greens yet to make ‘final decision’ on backing Budget – Harvie

Patrick Harvie also said he still regrets the end of the powersharing deal with the SNP.

Evening Standard

Liz Truss lays into Rachel Reeves over economy and trip to China

Chancellor faces Tory calls to scrap planned visit to Beijing

The Independent UK

Two-child cap not the only lever we have to tackle poverty, says Rayner

The Deputy Prime Minister was speaking in Glasgow on Thursday.

Evening Standard

Nightclubs warn Budget tax hikes could drive venues to ‘brink of closure’

It comes despite a slowdown in nightclub closures over the past year, with a net reduction of 13 venues in 2024.

Evening Standard

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Evening Standard

Labour abstention means ‘cheapest budget deal’ since devolution – Findlay

Holyrood will vote on the Government’s tax and spending plans next month.

Evening Standard

M&S vows to constrain price rises after Budget hit but warns task ‘not easy’

Shares plunged as boss Stuart Machin also cautioned of an ‘uncertain’ economic picture, taking the shine off bumper Christmas trading.

Roll Call

'Horse race' is on as Trump hears from senators on budget strategy - Roll Call

President-elect Donald Trump appears ready to let Senate and House Republicans settle their own differences over budget strategy.

Evening Standard

Reeves may need to cut spending after jump in borrowing costs, say economists

The yield on government bonds jumped to its highest level since 2008 as the pound also tumbled in value.

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The Independent UK

John Swinney says Budget will ‘maximise’ Scotland’s potential as energy leader

His comments come ahead of a visit to a battery energy storage system site in South Lanarkshire.

The National (Scotland)

'Ruthless': Anas Sarwar panned as joke on Labour Government falls flat live on BBC

ANAS Sarwar has been panned after his joke on Labour’s first six months in Government fell flat live on the BBC...

The Independent UK

House prices fell for the first time in nine months - but lenders warn it won’t last

The looming deadline for stamp duty relief will motivate more aspiring home owners to get into the market

Evening Standard

House price growth expected to come under further pressure as 'impact of Budget starts to bite'

Halifax said it is expecting to see modest house price growth in 2025

Evening Standard

Next warns over price hikes and slowing growth after Budget measures

The high street bellwether said it is facing a £67 million surge in its wage costs in the year to January 2026.

The Independent UK

New Budget blow for Starmer as retailers warn of price hikes and job cuts

Retailers will be particularly hard hit by chancellor Rachel Reeves’s planned hike to employers’ national insurance

The Independent UK

With the economy is struggling, it’s time to listen to entrepreneurs

BUSINESS: Business leaders are pessimisitic about the impact of the Budget, writes Chris Blackhurst. But there is still much to be positive about as we head into 2025

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