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The Latest Breaking News from Budget

Report suggests Reeves could announce plans to change Britain’s debt rules

The Chancellor will be looking to raise up to £40 billion from tax hikes and spending cuts in order to avoid a return to austerity.

Evening Standard

'Utterly unsustainable': London councils spend £4million a day on housing homeless driving some to bankruptcy

Total average temporary accommodation bill for the capital’s councils was £114million each month in the year to April - a 68% rise

Evening Standard

Rachel Reeves to turn on spending taps with Budget boost for infrastructure and clean energy

The chancellor is planning to change the government’s fiscal rules to free up billions of pounds of borrowing, which she will promise to spend laying ‘the foundations of future growth’

The Independent UK

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Reeves ‘WhatsApps’ Hunt and is in contact ‘regularly’ with Blair and Brown

The Chancellor added that she would love to be able to call up the late Alistair Darling – the last Labour chancellor to deliver a Budget.

Evening Standard

Majority of French think current election system does not work, poll says

Support for a democratic system falls as the new French government faces crucial test in hostile parliament

The Independent UK

Rayner and Dowden clash over prospect of Budget tax rises at ‘battle of gingers’

The two took centre stage at Prime Minister’s Questions because of Sir Keir Starmer’s visit to Samoa.

Evening Standard

Anti-monarchy group to protest at Budget in call to slash royal funding

THE first Budget of the new Labour Government is set to face protests from anti-monarchy group Republic...

The National (Scotland)

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Lloyds reveals stronger-than-expected profit as consumer confidence picks up

The banking giant reported a pre-tax profit of £1.8 billion between July and September.

Evening Standard

SNP demand ‘cast-iron guarantee’ on tax hikes ahead of Labour Budget

THE SNP have urged Keir Starmer to give a “cast-iron guarantee” that the National Insurance tax hike reportedly in the upcoming Budget will…

The National (Scotland)

Labour MP suggests spending money on BBC World Service instead of fighter jets

In the Commons, Peter Prinsley, the MP for Bury St Edmunds and Stowmarket, described the BBC as a ‘vital UK soft power’.

Evening Standard

Inheritance tax already up 10 per cent as Reeves looks to squeeze levy in Budget, official figures show

Chancellor warned that hiking the tax at next week’s Budget risks punishing middle-class homeowners

The Independent UK

Budget 2024: Boost for Labour Chancellor Rachel Reeves as IMF ramps up economic growth forecast for Britain

The leading economists increased their prediction for GDP growth in the UK in 2024 from 0.7 per cent to 1.1 per cent

Evening Standard

UK economy to grow faster than thought in pre-Budget boost for Reeves

Only Spain was given a bigger economic upgrade by the IMF, making the UK the biggest beneficiary for extra growth in the G7 – although the US’s new growth rate of 2.8 per cent is higher

The Independent UK

Air Passenger Duty may go up in Reeves’s Budget – could the ‘Inverness Immunity’ come to an end?

Plane Talk: Why it’s not always a good idea to tax the traveller until the pips squeak

The Independent UK

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Evening Standard

Budget 2024: Public sector pay rise row as borrowing hits £80 billion in blow to Rachel Reeves

Public sector net borrowing in the first half of the financial year rose to £79.6 billion, according to the ONS

Evening Standard

Budget 2024: How tax rises by Chancellor Rachel Reeves will hit Londoners and London firms

Standard analyses impact of potential tax rises in the Chancellor’s October 30 Budget on millions of Londoners

The Independent UK

Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole

No 10 forced into astonishing admission that high earners can also be protected by its pledge not to raise national insurance for working people – after minister refused six times to confirm if that included employees on six-figure salaries

The Independent UK

When is the Budget and what is the ‘stealth’ tax rise Labour are set to keep?

Millions could pay more income tax if ‘stealth’ policy is continued

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Evening Standard

Budget tax hit fears for £100,000+ earners as minister won’t say they are Labour’s ‘working people’

The stance will fuel fears that London could be heavily impacted by the Budget due to be delivered by Chancellor Rachel Reeves on October 30

The Independent UK

‘Buyers’ market’ as property asking prices rise more slowly than usual

Across Britain, the average asking price for a property increased by 0.3% month-on-month, or £1,199 in October, Rightmove said.

The Independent UK

Wes Streeting warned inflation-busting NHS Budget deal will not be enough

Health experts urge the government to find more money to tackle waiting lists and improve NHS care

Evening Standard

HS2 high speed trains to Euston will be 'most comfortable' on UK rail network with 87cm of legroom

Chancellor Rachel Reeves is set to confirm in the Budget that HS2 will run to Euston

The Independent UK

Disposable vapes ban: Labour’s war on vaping explained

Disposable vapes will be banned from sale in England and Wales from 1 June, 2025 - as Labour reportedly considers increasing a incoming tax on vaping products

The Independent UK

Reeves warned inheritance tax hike would punish middle classes as Budget backlash intensifies

Experts said the ‘death tax’ had a lot of emotional resonance with voters

The Independent UK

What the inheritance tax rise in the Budget means for you

Only around 4 per cent of families have to pay ‘death tax’ under current legislation

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