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The Latest Breaking News from Budget

Farmers warn 75% of British food production will be hit by Reeves’s tax raid

The NFU’s Tom Bradshaw warned the government had not considered at all the impact on food production

The Independent UK

The Who’s Roger Daltrey warns Rachel Reeves’ Budget poses ‘catastrophic’ threat to charities

Rachel Reeves unveiled tax hike for employers in Autumn budget

The Independent UK

Shadow chancellor Mel Stride says Labour hiding behind an ‘alibi’ over NI rise

Newly-appointed Mr Stride claimed the Labour Party has breached its manifesto as a result of the increase to national insurance for employers.

Evening Standard

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Impact of changes to farming inheritance tax: key questions answered

Under changes announced in the Budget, farms worth more than £1 million will be liable for inheritance tax.

Evening Standard

Third of NI farmers will be affected by Budget, says agriculture minister

Stormont Agriculture Minister Andrew Muir was set to meet Secretary of State Hilary Benn to discuss the issue.

Evening Standard

How will the Budget affect the living standards of London's nine million people?

The Budget feels like a significant missed opportunity to create a world class regime to attract international wealth to the UK.

Evening Standard

Farmers 'militant' action threat after Rachel Reeves rejects plea for U-turn on Budget inheritance tax hike

Ministers met the head of the National Farmers’ Union but the stand-off over inheritance tax was not resolved

Evening Standard

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‘Unprecedented’ Budget not enough to make up for austerity – Archibald

Caoimhe Archibald also revealed that the Treasury has indicated it will not cover the cost of the PSNI data breach.

Evening Standard

Home secretary confirms £75m to tackle people smuggling is new funding from Budget

Home secretary Yvette Cooper has said an additional £75 million for the Government’s border command is new funding from the Budget.

The Independent UK

Government will ‘try to make progress as rapidly as possible’ on small boats

Yvette Cooper said that criminal gangs were the target as the border security command is set to see its funding doubled.

Evening Standard

Chancellor defends proposed changes to inheritance tax on farms

Rachel Reeves has been urged by the NFU to reconsider the reforms announced in the Budget.

Evening Standard

National Insurance hike could force Scottish care homes to shut doors

CARE homes across Scotland could be forced to shut their doors as a result of the Budget hike in employers’ National Insurance (NI) payments, it…

The National (Scotland)

Reeves insists Labour will secure growth as she defends Budget choices

The Chancellor is expected to set out a number of economic reforms in the coming weeks aimed at boosting growth.

Evening Standard

UK politics live: Jenrick gets justice role in Badenoch’s shadow cabinet as Stride and Patel land top jobs

It comes as education secretary Bridget Phillipson announced a rise to university tuition fees

The Independent UK

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The National (Scotland)

GB Energy to get just £100m over two years in Budget despite Labour's £8bn pledge

THE state-owned GB Energy will receive just £100 million in funding for renewables projects in the first two years despite the UK Government’s…

Evening Standard

Hundreds of angry farmers to hold protest in London over Labour’s ‘death tax’ on their land

Farm owners threaten to grind capital to a halt with their tractors and other large machinery

Evening Standard

Bank of England rate cut expected despite ‘fiscal loosening’ of Budget

A quarter-point cut is forecast on Thursday, but Labour’s Budget has trimmed hopes of a rapid string of rate cuts afterwards.

The Independent UK

OBR error cut £18bn of headroom from Rachel Reeves’ Budget

The error may have contributed to the market jitters that were seen in the wake of the Budget

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The Independent UK

Why it’s unfair to compare the current market movement to catastrophic Truss mini-Budget

ANALYSIS : Ignore the comparisons, writes Howard Mustoe – any suggestions that market concerns over Rachel Reeves’s Budget bear any similarity to the chaos that followed Liz Truss’s economic disaster are wide of the mark

The National (Scotland)

Applause as Question Time audience member tears into Labour and Tory MPs

AN audience member has been praised on social media as he took aim at the Labour and Tory guests on Thursday night’s Question Time...

Evening Standard

FTSE 100 Live 01 November: Markets calmer after sell-off, Reckitt Benckiser shares jump

Borrowing costs continue to be in focus after a rocky week for markets on both sides of the Atlantic.

The Independent UK

Reeves gives Labour post-Budget poll boost despite £40bn tax row

Exclusive: Rachel Reeves has faced a storm of criticism after producing the biggest tax raising Budget in history but the latest weekly tracker poll has shown public support grow for Labour

Evening Standard

Farm schemes funding ‘review’ was last thing sector needed, says MP

A ‘review’ into farm schemes funding from 2025/26 was ‘the last thing’ the sector needed, an MP said.

Evening Standard

Stormont ministers must ensure balanced budget is delivered, says Benn

The Northern Ireland Secretary said the scale of the budget package for the region presented the local administration with ‘significant opportunity’.

Evening Standard

Global stocks tumble and pound weakens as investors digest UK Budget

London’s FTSE 100 was down 49.53 points, or 0.61%, to close at 8,110.1.

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