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The Latest Breaking News from Budget

M&S reveals £120m hit from Budget measures

The firm said it would do ‘everything we can’ not to pass on the extra costs to consumers, but ‘cannot rule anything out’.

Evening Standard · Nov 6, 2024

Growth in UK construction sector slows amid housebuilding decline

The latest S&P Global construction purchasing managers’ index (PMI) scored 54.3 in October, down from 57.2 in the previous month.

Evening Standard · Nov 6, 2024

London politics LIVE: Badenoch attacks Starmer and Lammy over Trump comments at first PMQs as Tory leader

New Tory leader used US election victory of Donald Trump to go on offensive against Labour government

Evening Standard · Nov 6, 2024

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Persimmon cautions over Budget cost hit as home sales fall

The building giant said home sales fell between July and November, to 1,416 from 1,439 a year ago.

The Independent UK · Nov 6, 2024

Wetherspoon boss warns over price hikes after Budget tax rises

Tim Martin, Wetherspoon’s chairman, said he believes ‘all hospitality businesses’ are planning to pass on higher costs through price hikes.

Evening Standard · Nov 6, 2024

Badenoch to challenge Starmer in first PMQs for new-look Opposition

The former minister is preparing for her debut battle at the despatch box on Wednesday.

The Independent UK · Nov 6, 2024

Rachel Reeves faces grilling by MPs over tax hikes and increased spending in Budget

Measures announced in Budget will come under scrutiny from the Treasury Select Committee on Wednesday

Evening Standard · Nov 6, 2024

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Reeves faces grilling by MPs over Budget measures

Changes announced in the Budget will come under scrutiny from the Treasury Select Committee on Wednesday.

The Independent UK · Nov 6, 2024

Survey finds 81% of councils on course to overspend adult social care budgets

Adass said if the recent trend continues, within a couple of years all council adult social care budgets in England will be overspent.

The Independent UK · Nov 6, 2024

Darren Jones suggests Tory shadow minister has ‘amnesia’

Mr Jones’s comments were aimed at shadow Treasury minister Alex Burghart, who had described the Budget as being ‘as bad as bad can be’.

The Independent UK · Nov 5, 2024

Bombshell claim Rishi Sunak's government 'didn't follow law' on revealing scale of UK public finances crisis

The allegation came from the independent Office for Budget Responsibility

Evening Standard · Nov 5, 2024

Jeremy Hunt’s Treasury may have broken the law by hiding Budget black hole, says OBR

£9.5bn spending gap wasn’t disclosed, ‘which under the law ... they should have done’, says fiscal watchdog

The Independent UK · Nov 5, 2024

Labour accused of ‘traumatising’ farmers in ‘tractor tax’ raid amid warning over mental health crisis

MPs and farmers have attacked the government’s decision to extend inheritance tax to family farms

The Independent UK · Nov 5, 2024

Welsh farmers ‘threatened’ by changes to inheritance tax

Eluned Morgan, the Welsh First Minister, has defended the UK government’s budget during FMQs.

Evening Standard · Nov 5, 2024

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Evening Standard · Nov 5, 2024

Fee rise will not fix ‘financial pressures’ facing universities due to NI hike

Changes announced in the Budget around employers’ national insurance contributions will cost the sector around £372m, it has been suggested.

The Independent UK · Nov 5, 2024

Streeting vows Budget will put NHS staff ‘on front line, not the picket line’

The Health Secretary also vowed Labour would rebuild hospitals.

Evening Standard · Nov 5, 2024

Spending on projects early could lead to higher costs in the end – OBR chief

Richard Hughes was speaking to a cross-party committee of MPs on Tuesday.

Evening Standard · Nov 5, 2024

Interest rate cut today 'nailed on' say City economists in new boost to home owners

Bank of England aiming to bolster economy amid rising uncertainties and weakened consumer confidence

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Evening Standard · Nov 5, 2024

Primark boss says weight of Budget tax rises ‘falling on high street’

George Weston, the chief executive of Primark owner Associated British Foods, said it was preparing for a big jump in business costs.

The Independent UK · Nov 5, 2024

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 · Nov 5, 2024

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

Rachel Reeves unveiled tax hike for employers in Autumn budget

Evening Standard · Nov 4, 2024

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 · Nov 4, 2024

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 · Nov 4, 2024

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 · Nov 4, 2024

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.

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