The Latest Breaking News from Budget

UK finance minister John Healey to present first Budget on October 28

Britain's new Finance Minister John Healey will present his first Budget on October 28, pledging to maintain the government's fiscal rules despite growing pressure on public spending.

The Times of India · Aug 1

Date set for first Budget of Andy Burnham’s government after recent spate of policy announcements

‘This will be a Budget that moves money and power out of Westminster and into every postcode around Britain,’ the chancellor said as he revealed the date it will be held

The Independent UK · Jul 31

Andy Burnham tax rises: All the ways the new Prime Minister could hammer London

The former Greater Manchester Mayor has suggested some Londoners should pay more in council tax

Evening Standard · Jul 28

LPG subsidy bill may top Rs 1 lakh crore in FY27, create Rs 70,000 cr gap over Budget allocation

India's LPG subsidy bill may surpass Rs 1 lakh crore in fiscal year 2027. This projection indicates a significant shortfall against the budget's Rs 30,000 crore allocation. Overall subsidy spending has already seen a forty-seven percent year-on-year increase during early fiscal year twenty twenty-seven. Government finances face additional pressure from…

The Economic Times · Jul 17

Budget resolution faces dicey House vote after committee approval

The House Budget Committee approved a fiscal 2027 budget resolution Thursday as the first step toward passing a filibuster-proof reconciliation bill to provide tens of billions of dollars for defense, farm aid and voting restrictions. The panel advanced the GOP-backed budget resolution on a strictly party-line vote of 20-14 after…

Roll Call · Jul 16

Trump loses his ‘Senate whisperer’ after Graham’s sudden death

Donald Trump has lost a go-to ally in the Senate after the death of Lindsey Graham, with senior White House aides and other Republicans — and even some Democrats — saying the late senator had become a crucial part of the president’s legislative efforts. The 71-year-old Budget Committee chairman and…

Roll Call · Jul 13

This week: Graham’s death, McConnell’s recovery add to drama

Independence Day recess ended Sunday with two explosive developments within the Senate GOP: the death of Budget Chairman Lindsey Graham, R-S.C., who died Saturday night, and a much-awaited health update from former Majority Leader Mitch McConnell of Kentucky. The latter issued a statement Sunday evening confirming that, contrary to rumors…

Roll Call · Jul 13

Govt has done its part on GCCs via Budget, now industry must invest in skilling and innovation to counter AI risks: CEA Nageswaran

Chief Economic Adviser V Anantha Nageswaran urged industry to invest in skilling and innovation. He stated government has supported Global Capability Centres through Budget announcements. Artificial intelligence poses risks to business models focused solely on low-cost execution. The government encourages GCC expansion beyond major metropolitan cities. Firms and people must…

The Economic Times · Jul 9

Andy Burnham did not have ‘all the details’ of £4.7 billion defence black hole

Sir Keir Starmer unveiled the Dip on Tuesday, with a promise to increase defence spending by £15 billion.

Evening Standard · Jul 2

Govt fast-tracks disinvestment process to shore up revenues, garners 31% of budget aim in Q1 FY27

The government is accelerating its disinvestment and asset monetisation drive, achieving 31% of its full-year target in just the first quarter. This rapid pace, with weekly offers for sale, aims to bolster revenues amidst rising subsidy and import costs. Significant funds have already been raised from entities like Coal India…

The Economic Times · Jul 2