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The Latest Breaking News from Budget

Fact check: Projections of fiscal drag effect on pensioners are not from HMRC

Claim that £130 of tax to be collected on everyone receiving state pension relies on tax thresholds staying frozen longer than anticipated.

Evening Standard

WH Smith set for £7m cost hit from Budget, but sees impact as ‘manageable’

The retailer is aiming to offset the impact without having to raise prices.

Evening Standard

Budget B&M ranges ‘resonate’ with shoppers as incomes remain squeezed, boss says

The Liverpool-based retailer said it generated revenues in the UK of £2.1 billion over the six months to September 28.

Evening Standard

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Minister says she understands pressures facing healthcare after NIC rise

Calls have been made for GPs, dentists, hospices and pharmacies to be exempt from the increase which was announced in last month’s Budget.

The Independent UK

Farmers’ inheritance tax figures are crystal clear, says Environment Secretary

Steve Reed faced questions in the Commons over whether the Government had checked its sums on the tax change before the Budget.

Evening Standard

New Pension Schemes Bill: What you need to know about the megafunds shake-up

Reforms will be introduced under a new Pension Schemes Bill next year

The Independent UK

Pension ‘megafunds’: How do they work and is bigger always better?

Reforms will be introduced under a new Pension Schemes Bill next year, as part of Government plans to boost economic growth.

Evening Standard

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Pub group Young’s suffers £11m hit from Budget tax rises

The company said increases to employer taxes would cause ‘significant increased costs for our industry in the near term’.

Evening Standard

Pharmacies to reduce opening hours and withdraw key services in funding row

Pharmacies could also withdraw from providing emergency contraception

The Independent UK

Pharmacy owners vote to reduce hours in row over funding

Collective action could begin in January if there is not an ‘adequate response’ from Government, the National Pharmacy Association said.

The Independent UK

OPINION - Labour’s attack on private schools is misguided, damaging and cruel

It’s hard to pinpoint the most egregious side effects of Rachel Reeves’s Budget so far, with its blizzard of bizarre policies fraught with unpleasant unintended consequences. Who do they most want to hurt? Business owners, farmers and parents who have the cheek to want the best education for their children…

Evening Standard

Council tax increase expected as Tories claim ‘black hole’ in Labour’s plans

Sir Keir Starmer’s press secretary confirmed the threshold for council tax increases will remain at 5%.

Evening Standard

Badenoch predicts council tax rises on the cards amid ‘black hole’ claim

The Conservative leader raised the issue during Prime Minister’s Questions with Sir Keir Starmer.

Evening Standard

Fuller’s latest to warn over price rises as it braces for £3m Budget hit

The pub group said the rise in employers’ National Insurance contributions will cost it £3 million with a further £5 million due in wage increases.

Evening Standard

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Evening Standard

Streeting hints at help for health organisations hit by national insurance rise

Wes Streeting said he recognised the pressures that organisations which provided care outside the public sector were facing.

The Independent UK

Major pub chain joins Wetherspoon with stark price hike warning after Labour’s Budget

Pub bosses have warned that prices will have to go up

Evening Standard

GP practices could be forced to close because of tax hike, Streeting warned

The combination of increases in national insurance contributions and higher wage bills could force or cuts or even closures, the BMA said.

Evening Standard

PM ‘totally disagrees’ with ex-Blair aide’s claim UK does not need small farmers

Former political adviser John McTernan said the Government should ‘do what Margaret Thatcher did to the miners’ to protesting farmers.

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International Business Times

Spain PM Accused Of 'Blackmail' By Tying Budget To Flood Aid

Spain's minority left-wing government wants to galvanise its deadlocked 2025 draft budget by linking it to urgent reconstruction funds following devastating floods, sparking "blackmail" accusations from the conservative opposition.

The Independent UK

‘Unlikely’ that NHS will meet 18-week waiting time target, say trust leaders

They also warned there is a ‘fundamental mismatch’ between demand for services and what the NHS is able to do.

The Independent UK

Hospitals issue warning about key NHS waiting list target as winter crisis looms

Children are being ‘let down’ amid huge waiting lists health chiefs have warned

The Independent UK

Rachel Reeves accused of business ‘betrayal’ as top bank warns tax hikes will hit living standards

It comes as business leaders accuse the Labour government of having ‘betrayed the nation’ following the national insurance hike for employers

The Independent UK

Labour’s bid to end homelessness hit by Budget tax blow, Rachel Reeves warned

Exclusive: National insurance rise an immediate ‘threat’ to services that help the most vulnerable, Labour chancellor told as 100 organisations, including Crisis, sign letter in protest

Evening Standard

No date for increasing defence spending to 2.5% of GDP, says Treasury minister

Darren Jones said it will depend on the outcome of the strategic defence review, which is currently under way.

The Independent UK

Thousands of farmers to descend on London after Met Police green lights ‘tractor tax’ protest

The event’s organiser said he could see the number of attendees exceed 10,000

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