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The Latest Breaking News from Budget

Trade union calls for ‘immediate mitigation’ of two-child cap in Scotland

Ministers are facing calls to speed up plans to effectively scrap the two-child cap on some benefits in Scotland.

The National (Scotland)

Voices: Rachel Reeves is relying on a risky strategy – that may well backfire

COMMENT: The chancellor’s approach can hardly be considered prudent – especially when it depends so heavily on economic growth, writes John Rentoul

The Independent UK

Farmers to target rural Labour MPs in new wave of tractor tax protests

Critics of the move in Rachel Reeves’s budget in October have announced a national day of action organised by the National Farmers’ Union

The Independent UK

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France's new economy, budget ministers get to work on budget for 2025

The new team at the helm of France’s economy will need to begin work immediately on passing a 2025 budget, which has been in limbo since the National Assembly rejected the belt-tightening proposal from former Prime Minister Michel Barnier, which led to the toppling of his government.

Radio France Internationale

Christmas ‘disastrous’ for retailers as households battle ongoing cost pressures

Retail footfall was 11.4% down on last year over the final full week before Christmas, according to Rendle Intelligence and Insights.

The Independent UK

British economy heading for ‘worst of all worlds’, business leaders warn over Labour Budget

After Rachel Reeves’s controversial Budget, the Confederation of British Industry warns the economy is ‘headed for the worst of all worlds’

The Independent UK

Firms offer no festive cheer to Reeves with gloomy outlook for 2025

The Budget hike to employers’ national insurance is ‘exacerbating an already tepid demand environment’, the CBI warned.

The Independent UK

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Kemi Badenoch meets Jeremy Clarkson amid backlash over Starmer’s tractor tax

The Tory leader has attached herself to the former Top Gear presenter’s campaign against Labour’s decision to scrap agricultural property relief

The Independent UK

Bank set to hold rates as wage growth rises for first time in more than a year

Official figures showed regular earnings growth rose by more than expected, to 5.2% in the three months to October.

Evening Standard

Spratt, longtime top Budget panel Democrat, dies at 82 - Roll Call

Democratic Ex-Rep. John M. Spratt Jr., the former House Budget Committee chairman, died Saturday at the age of 82.

Roll Call

‘Tractor tax’ blow to Starmer as Labour expert calls for government U-turn

Leading figure – whose analysis Starmer used to defend controversial policy – calls for inheritance tax threshold on farmers to be increased from £1m to £20m

The Independent UK

Budget will deliver ‘real progress’ for Scotland – Swinney

Mr Swinney said the Budget focuses on the issues which matter most to people such as the NHS.

Evening Standard

Analysis: Reeves faces recession fears but shrinking industry could offer a bigger problem

Economists are concerned about a longer decline in economic activity, but a shrinking manufacturing industry should be cause for more concern

The Independent UK

The Nvidia GeForce RTX 4010 is a budget GPU that can run Crysis at 80fps without compromise, but it technically doesn't exist

The Nvidia GeForce RTX 4010 is seemingly a thing, and while it's anything but official, it's a 50W graphics card that can hit over 60fps in plenty of PC games.

GamesRadar

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Evening Standard

OPINION - Rachel Reeves' terrible stewardship of the economy means Labour need quick wins right now

For the first time today Rachel Reeves “owned” yet another worryingly below par set of economic figures.

The National (Scotland)

UK economy shrinks for second month in a row

THE UK economy unexpectedly contracted in October, marking two months in a row of negative growth for the first time since the pandemic, new…

The Independent UK

Reeves accused by Tories of ‘crashing the economy’ as output shrinks - live updates

Most economists had been expecting GDP to rise during October but it shrunk 0.1% for the second month running

The Independent UK

Currys warns Budget will lead to ‘inevitable’ price rises due to £32m of extra costs

The company joins other retailers and hospitality companies in complaining that Rachel Reeves’s budget in October will mean higher staffing costs

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Golf Monthly

Is Golf Too Expensive? Our In-Depth Investigation Into How Much The Sport Costs To Play

Golf has often struggled with the image of being an expensive sport, but how affordable is it to play the game?

Evening Standard

Currys warns of "inevitable" price rises after £32 million Budget hit

Chief executive criticises “new and unwelcome headwinds from UK government policy.”

The National (Scotland)

SNP Budget to create wind farm 'supply chain to benefit Scotland for decades'

The £150 million pledged for offshore wind in the Scottish Budget will create a “sustainable supply chain” to benefit Scotland for years to…

Evening Standard

ProCook store openings offset ‘subdued’ sales around Budget

The retailer hailed a ‘strong performance’ over the latest half-year but saw like-for-like growth slow in more recent weeks.

Evening Standard

Specialist lender says motor finance scandal and Budget weighing on sector

S&U, which provides car finance through Advantage Finance, said trading conditions had been ‘burdened’ over the first half of its financial year.

The Independent UK

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.

Evening Standard

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.

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