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The Latest Breaking News from Budget

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

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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

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

Evening Standard

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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

The Independent UK

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

Evening Standard

‘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

The Independent UK

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

Evening Standard

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

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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

The Independent UK

Inheritance tax to rise in Budget as Reeves plans to hit well-off

Just 5 per cent of all deaths incurred Inheritance Tax in 2022–23

The Independent UK

Rachel Reeves to push forward with £3bn sickness benefits cut in Budget

Charities warned cuts proposed by the Tories would have a ‘devastating impact’ on disabled people

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The National (Scotland)

Stephen Flynn tells Keir Starmer to 'listen to voters' and block budget cuts

KEIR Starmer has been told to “listen to voters” and block his Chancellor’s plans to impose deep cuts in this year’s Budget ...

The Independent UK

Keir Starmer’s warning to ministers after cabinet Budget row erupts

Angela Rayner leads revolt against ‘huge’ spending cuts in Rachel Reeves’s Budget

The Independent UK

How make-or-break Budget has fractured Keir Starmer’s cabinet

ANALYSIS: With the prime minister’s poll ratings at rock bottom, Sir Keir Starmer is grappling with cabinet unity ahead of Rachel Reeves’ Budget, writes Political Correspondent Archie Mitchell

Evening Standard

Halifax and Barclays increase mortgage rates amid Budget jitters

Move means best priced sub 4% deals are fast disappearing from the market

The Independent UK

Millionaires urge Reeves to raise £14bn from capital gains tax changes at Budget

Government analysis has previously all but ruled out the measures

The Independent UK

The £40bn question: How will Rachel Reeves balance the books?

Chancellor boosted by a surprise drop in inflation after the cabinet is warned she may need to find £40bn in taxes and borrowing in her Budget, dwarfing previous estimates of the fiscal ‘black hole’

The Independent UK

Does the drop in inflation mean things are going to get better?

As the CPI shows a fall in the overall rate at which prices are rising, Sean O’Grady looks at what it might mean for those of us hoping for an improvement in our everyday finances – and for the chancellor, too, as she prepares to announce her first Budget in…

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