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The Latest Breaking News from Budget

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

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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

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

The Independent UK

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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.

Evening Standard

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.

The Independent UK

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.

Evening Standard

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.

The Independent UK

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

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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.

Evening Standard

Labour Budget adds to uncertainty over inflation, says Bank policymaker

Dave Ramsden, deputy governor for markets and banking, was speaking after the Bank cut rates by a quarter point earlier in November.

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Evening Standard

Tories claim economic approach of ‘Starmerism’ could further hit farmers

Deputy Prime Minister Angela Rayner said the ‘vast majority’ of estate owners will not be affected by the Government’s inheritance tax changes.

The Independent UK

Health Secretary urges Scottish Labour MSPs to back national insurance call

The UK Government announced an increase to employer contributions in the Budget last month.

Evening Standard

PM defends employer tax hike as retailers warn of ‘inevitable’ job losses

More than 70 businesses, including Tesco, Asda and Sainsbury’s, have told Rachel Reeves Budget tax hikes mean price rises are a ‘certainty’.

Evening Standard

More farmers seeking financial advice over inheritance tax changes, say experts

Thousands of farmers marched on Westminster on Tuesday in a protest against the Budget changes.

The National (Scotland)

Tories demand almost £1 billion in tax cuts from SNP's Scottish Budget

THE Conservatives have proposed almost £1 billion worth of tax cuts for the upcoming Scottish Budget ...

The Independent UK

Big name UK retailers warn Labour job losses ‘inevitable’ after National Insurance hike in Budget

Household names like Tesco and Amazon have issued a plea to the chancellor over Budget measures

Evening Standard

UK retail bosses warn of ‘inevitable’ job losses amid Budget changes

More than 70 businesses including Tesco, Asda and Sainsbury’s voiced their concerns in an open letter to Chancellor Rachel Reeves.

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