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The Latest Breaking News from Budget

Widespread failure risk in adult social care without action, Government told

Ministers have been warned that budget deficits are ‘so severe’ even big companies relying on Government funding are struggling.

The Independent UK

Poundland takes £640 million hit on Budget costs and sales woes

The discount chain’s owner, Pepco, swung to a full-year pre-tax loss of 554 million euros (£457 million) after booking the write-down on Poundland.

Evening Standard

No 10 insists Government backs farmers in face of looming tractor protest

Hundreds of tractors are expected in Westminster on Wednesday as farmers continue to protest against the Budget inheritance tax changes.

Evening Standard

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Outgoing French government to present 'special' budget to avoid shutdown

The outgoing French government has prepared a "special" budget to keep the country running through the end of the year, after Prime Minister Michel Barnier lost a confidence vote in the National Assembly, which had rejected large parts of the proposed 2025 budget.

Radio France Internationale

Hundreds of tractors to descend on Westminster in farming protest this week

Campaign groups Kent Fairness for Farmers and Save British Farming have organised an ‘RIP British Farming’ protest

Evening Standard

China stimulus hopes boost investors as London markets rise

Policymakers in Beijing said they would take more proactive fiscal measures next year to boost domestic spending.

The Independent UK

Rachel Reeves’ Budget ‘a recipe for total disaster’ for nurseries, Tories claim

Shadow education minister Neil O’Brien said up to four in 10 early years providers are expected to close as a result of the NI increase.

Evening Standard

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Scottish Government says Budget cash should pay for 'at least' 8000 affordable homes

Extra cash for affordable housing in the Scottish Budget should allow for “at least” 8000 more homes for rent and low-cost ownership to be…

The National (Scotland)

Domino’s sees £3m a year impact from Budget measures

The firm also unveiled a new five-year profit and sales target agreement with its franchisees, starting from January.

Evening Standard

Labour will be held accountable if they vote against Budget, says John Swinney

VOTING against the Scottish Government’s Budget will be an “albatross” around Labour’s neck, the First Minister has said, as he pledged to…

The National (Scotland)

New breakfast club scheme to help children reach ‘learning potential’ – Gilruth

The £3 million Bright Start Breakfasts initiative was announced at the recent Budget.

The Independent UK

Two-child benefit cap mitigation could start in early 2026, says Robison

Shona Robison insisted the scheme is going ahead, saying the Government could implement it before April 2026.

Evening Standard

Rachel Reeves tells small business owner: ‘We are trying to help’

The Chancellor toured the Leeds Corn Exchange ahead of Small Business Saturday.

Evening Standard

Starmer fails to rule out new tax rises – despite Reeves’ claim there wouldn’t be another hike

Concerns are growing over the possibility of another tax raid in the spring

The Independent UK

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Evening Standard

CBI downgrades UK economic growth forecasts amid Budget pressures on firms

The CBI has reduced its growth forecasts for the UK economy in 2024 and 2025 as inflation is expected to pick up.

The Independent UK

The great reset: Starmer pins hopes on six new policy ‘milestones’

PM announces priorities to ‘galvanise’ his premiership with pledges on better living standards, shorter NHS waiting lists, more police and 1.5 million new homes... as Bank of England warns firms will axe jobs in response to tax rises

The National (Scotland)

John Swinney fumes at 'bawling' Tory MSPs during Budget clash at FMQs

JOHN Swinney told Tory MSPs at FMQs to stop “shouting and bawling” as he clashed with Russell Findlay on the Budget at FMQs...

The National (Scotland)

Shona Robison issues new update on Scottish Government's independence papers

SHONA Robison has said that the Scottish Government’s papers on an independent Scotland are “in the final stages”...

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Evening Standard

Sports Direct owner Frasers blames Budget for profit warning after consumer confidence slump

Frasers expects costs to increase by £50 million in the next financial year as a result of Budget measures

The Independent UK

Keir Starmer’s big idea? Put more police back on the beat

PM refreshes pre-election pledge of safer streets as key part of ‘plan for change’ – as business group casts doubt on Labour’s mission to grow the economy

The National (Scotland)

Top financial institutions give verdicts on SNP's Scottish Budget

TWO respected financial institutions have given their verdict on the SNP Government Budget, noting a “significant increase” in public service…

Evening Standard

No more emergency Budget revisions due to pay awards, Shona Robison promises

For the last three years the Scottish Government has been forced to make in-year adjustments to its Budget.

The National (Scotland)

Majority 'better off financially because they live in Scotland' after Budget

THE Finance Secretary has said her Budget for the coming year “offers hope for Scotland’s future”, with 60 per cent of Scots estimated by the…

Evening Standard

Labour MP: I’d vote against inheritance tax changes if real vote held today

Markus Campbell-Savours said he would ‘seek important amendments’ to the policy affecting farmers.

The Independent UK

Two-child benefit cap to be scrapped in Scotland under Budget plans

Finance Secretary Shona Robison also outlined record NHS and local government funding in her tax and spending plans for 2025/26.

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