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The Latest Breaking News from Budget

Judge me on growth, says Reeves as she faces Budget backlash from business

Chancellor Rachel Reeves said she was ‘not immune’ to the difficulties facing businesses but there was no alternative to her Budget tax raid.

The Independent UK

What do businesses say the Budget means for the jobs market?

ANALYSIS: CBI boss Rain Newton-Smith said Labour chancellor Rachel Reeves’s Budget has hit businesses, forcing them to consider expenditure on staff. Howard Mustoe explains what that means for the jobs market

The Independent UK

One in 10 restaurants expected to close within a year

Hospitality chiefs warned in October that the government’s Budget will only make things worse

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Kemi Badenoch admits Tories lost support of business – when she was business secretary

In her first major speech since succeeding Rishi Sunak, the Tory leader said she was not surprised at how many bosses flocked to meet Sir Keir Starmer and Rachel Reeves before the general election

The Independent UK

CBI chief hits out at Reeves after firms face ‘heavy burden’ from tax rises

Confederation of British Industry chief executive Rain Newton-Smith said firms face tough decisions on hiring and investment due to the Budget.

Evening Standard

Scottish Greens call for bus fare cap to be introduced ahead of Budget

THE Scottish Greens have called for bus fares to be capped at £2 ahead of next week’s Budget ...

The National (Scotland)

UK Government 'to give Scotland £300 million' for Budget tax hike compensation

THE UK Government has said it will give the Scottish Government an additional £300 million to cover the planned increase to employers’ National…

The National (Scotland)

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Rachel Reeves CBI speech live: Chancellor tells conference ‘difficult decisions’ brought stability to economy

CBI chief Rain Newton-Smith said that business had been caught ‘off-guard’ by national insurance hikes

The Independent UK

B&Q owner Kingfisher braces for £31m rise in tax bill next year

The DIY giant said consumer spending weakened as a result of uncertainty in the lead up to the autumn Budget statement in the UK.

Evening Standard

Wall Street hits record high after Scott Bessent nominated as US Treasury secretary – as it happened

Bonds rally and dollar dips as investors welcome choice of billionaire hedge fund manager Bessent as next Treasury secretary

The Guardian - UK

Defiant Reeves to tell firms ‘we had no choice’ amid fierce Budget backlash

CBI boss will say measures announced by government have made it harder for firms to ‘take a chance’ on hiring new people

The Independent UK

CBI boss to warn Budget tax rises will ‘hit growth’ among UK firms

Rain Newton-Smith will say on Monday that businesses are being forced to ‘compromise on their plans for growth’ after the spending review.

The Independent UK

LibDems to vote down Budget if it contains 'even a penny' of independence spending

Alex Cole-Hamilton has said his party will vote down the upcoming Budget if it contains even a “penny” promoting Scottish independence ...

The National (Scotland)

‘Charity tax’ rise will hurt antisemitism fight, Rachel Reeves warned in latest Budget pushback

Labour chancellor told surprise rise in employers national insurance contributions will hit fight against antisemitism, after anti-Jewish hate incidents reached a record high in the first half of this year

The Independent UK

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The Independent UK

Starmer accused of ‘letting off’ City lawyers while stripping cash from pensioners in Budget

Calls for reform of tax paid by law, accountancy and private equity firms instead of controversial cuts to winter fuel payments

Evening Standard

OPINION - Are we headed for a Third World War in Ukraine? If so, shouldn’t we be talking about it?

Is the Ukraine conflict turning into a world war involving Britain? If so, shouldn’t there be more open discussion about it? I mention this because British Storm Shadow long range missiles have been used by Ukraine inside Russian territory. Yesterday, the Russian ambassador to London, Andrei Kelin, declared that “Britain…

Evening Standard

Halfords to deliver stalling sales amid pressure on consumers

The business is expected to confirm that sales edged 0.1% lower for the half-year to September 27, compared with a year earlier.

The Independent UK

PM: Government is ‘for farmers’ and most will be unaffected by tax change

Farmers and supporters rallied in London over Budget measures which included imposing inheritance tax on farms worth more than £1 million.

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Evening Standard

It makes sense to make winter fuel payment change, says Sir Keir Starmer

Chancellor Rachel Reeves limited access to the benefit, worth up to £300, in a cost-saving measure, as she sought to repair the nation’s finances.

The Independent UK

UK retail sales slide in October amid pre-Budget uncertainty

Retail sales volumes, which measure the quantity bought, decreased by 0.7% in October, the Office for National Statistics said.

The Independent UK

Firms can use AI to help offset Budget tax hikes, says Google UK boss

Debbie Weinstein said AI can help boost company growth by increasing worker productivity, not replacing jobs.

Evening Standard

Russia-Ukraine escalation fears push oil and defence stocks higher

Energy majors Shell and BP tracked rising oil prices on Thursday, while defence-oriented firms Rolls-Royce and BAE Systems also made solid gains.

Evening Standard

Environment Secretary says he has ‘heard anguish of countryside’ after protests

Steve Reed announced plans for a 25-year farming road map to help agriculture move to a more environmentally and financially sustainable future.

Evening Standard

Haigh says affordability is a priority but refuses to rule out rail fare hikes

Speaking in the Commons, the Transport Secretary said the Government’s focus was on keeping public transport affordable.

The Independent UK

Royal Mail owner says it cannot rule out job cuts after £120m Budget hit

It is the latest major business to caution that workers and customers could face an impact from the rise in business taxes.

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