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The Latest Breaking News from Budget

Net migration to the UK: Key numbers and trends

The steep fall in the latest figures is part of a downwards trend that has been under way since 2023.

The Independent UK

Did Rachel Reeves break her manifesto pledge on tax? Her own words suggest she did

BUDGET ANALYSIS: The chancellor is using semantics to argue she has not broken her pledge – which will be of little comfort to those whose income tax bill will soar, writes David Maddox

The Independent UK

Royal family gift thought to be lost for decades could break auction records

One art expert likened it to a ‘luxurious Kinder Surprise chocolate’

The Independent UK

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NI minister warns against additional revenue-raising on back of Budget

Gordon Lyons said such measures would target working people in the region who were already being ‘hammered’.

Evening Standard

Budget airlines jostle for Ukraine flight revival once war with Russia ends

Exclusive: Both Ryanair and Wizz Air insist they will be first back when the fighting stops, with easyJet planning flights from Gatwick to Kyiv

The Independent UK

Reeves should be more ambitious on tax reform to boost economic growth – IFS

The Institute for Fiscal Studies’ director Helen Miller called on the Chancellor to be more ambitious about measures to boost growth.

The Independent UK

Keeping windfall tax is right thing to do, says Reeves amid concerns over jobs

The Chancellor responded to criticism from the sector and the Scottish Government following her decision to maintain the energy profits levy.

The Independent UK

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Travelodge warns over raft of cost hikes and Budget pressures

The group is facing higher staff bills, property taxes and a hit from the new tourist tax.

Evening Standard

Major hotel chain warns of ‘barrage of rising costs’ from Budget

The hotel group says it is now facing higher staff and tax bills

The Independent UK

Revealed: £600-a-year average income tax rise for millions with London hardest hit in Reeves Budget

The Chancellor was facing criticism that she was hitting workers with tax rises to pay for more benefits

Evening Standard

Gambling giants warn of £700 million hit from Chancellor's betting duty hikes

The OBR said it expected the changes to raise an extra £1.1 billion a year for the Treasury by 2029-30

Evening Standard

Rachel Reeves insists tax on working people kept at ‘absolute minimum’ at Budget

The Chancellor struck a defiant tone, saying: ‘You’re not going to write my obituary,’ a day after her statement.

Evening Standard

Economists warn budget built on ‘shaky foundations’; December UK interest rate cut looks more likely – as it happened

Experts question whether back-loaded tax rises outlined in Wednesday’s budget will really happen

The Guardian - UK

‘You will be worse off’: Martin Lewis reveals what Rachel Reeves’s Budget will mean for your wallet

The chancellor unveiled £26 billion worth of tax hikes to close a large hole in the public finances

The Independent UK

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Evening Standard

'You won't write my obituary': Under-fire Reeves hits back at critics of her tax and benefits Budget

The Chancellor’s statement put Britain on course for a record tax burden as she hikes levies

The Independent UK

Chancellor to face more questions after Budget overshadowed by major leak

The Chancellor’s decisions put Britain on course for a record tax burden as she hiked levies.

Evening Standard

'Chilling effect' of Budget briefings cost London jobs, say bosses as Reeves defends her tax and spend plans

They also warned the Chancellor’s measures would have ‘little to no impact on growth in the round’

The Independent UK

Budget ‘missed opportunity’ to tackle rising cost of living – O’Neill

Northern Ireland’s First Minister said instead of ‘real action’ to bring down bills, many will now face higher tax bills in the year ahead.

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The Independent UK

‘I’m a landlord - renters will pay the price for Labour’s war on landlords’

Deshal Raja says landlords are an easy target for the government

Evening Standard

Rachel Reeves kicked Sadiq Khan out of her office in major bust up over London funding

Rachel Reeves cut a scheduled meeting with the Mayor of London short after they argued about cash for the capital

Evening Standard

Budget ‘papers over cracks’, say economists as UK growth forecasts downgraded

The Office for Budget Responsibility also pointed to a worsening short-term picture for inflation and unemployment.

The Independent UK

Millions more dragged into paying higher income tax in Reeves’s £26bn Budget squeeze

Chancellor admits ‘I am asking ordinary people to pay a little more’ as she unveils dozens of tax rises, but finally scraps the much-criticised two-child benefit cap

The Independent UK

Tax, spending and investment: Where the Budget ranks in history

The Government has committed to the longest sustained period of high spending since the Second World War.

Evening Standard

Taxi costs in London set to soar as Chancellor announces new tax on minicabs

During her Budget on Wednesday, Rachel Reeves revealed private-hire vehicles from ride-sharing apps such as Uber and Bolt will see 20% VAT added on to journeys

Evening Standard

Budget does not go far enough in public service investment – Stormont minister

Stormont Finance Minister John O’Dowd said Rachel Reeves’ spending plan ‘strengthened the need’ for fiscal devolution in Northern Ireland.

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