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The Latest Breaking News from Budget

Keir Starmer says stocks and shares owners ‘not working people’ in hint at capital gains hike

Chancellor Rachel Reeves is looking for around £40bn of tax hikes and spending cuts in her first Budget since entering the Treasury

The Independent UK

New freeports, East Midlands investment zone funding coming in Budget – Starmer

The location of the five new freeports will be revealed by Rachel Reeves at the October 30 Budget.

Evening Standard

Small businesses in London look forward to growth but fret about the Budget says survey

The growth outlook in London has been steadily improving since the election in July

Evening Standard

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Budget 2024: Minister reassures City that tax and spend 'guardrails' will avoid Trussonomics chaos

‘This is about bringing stability back into the economy,’ argued Treasury minister James Murray on the Government’s new fiscal rules

Evening Standard

Budget 2024: Pensioners, wealthy, landlords and shareholders 'face tax hit' as Labour defines 'working people'

Sir Keir Starmer and ministers have been grilled on their definition of ‘working people’ who will be protected from the brunt of tax rises

Evening Standard

NatWest: Consumer confidence improving but Budget and US election weighs on mood

The bank revealed it grew its mortgage lending in recent months amid an increase in the number of applications being sent by borrowers.

The Independent UK

Starmer climbs down over claim stock owners not ‘working people’

The government has been asked repeatedly to define ‘working people’

The Independent UK

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Budget 2024: Rachel Reeves would hit pensions of millions with NI raid on employers, warns Lord Blunkett

The Labour peer made the last minute intervention, just days before the October 30 Budget, on increasing National Insurance on pension contributions by companies

Evening Standard

Donald Trump attack on Keir Starmer fails with pre-Budget poll boost for Labour

Labour’s lead on the Tories widened, despite Trump this week filing a legal complaint against the party

The Independent UK

Keir Starmer claims those with assets are not working people in biggest tax rise hint

Keir Starmer claimed those with assets are not working people in his biggest hint at a tax rise in the Budget.

The Independent UK

Budget 2024: Huge row erupts over Rachel Reeves 'raising mortgage rates' by borrowing billions

The clash over home loans erupted just days before the Budget on October 30

Evening Standard

Downing Street climbs down on Keir Starmer's claim shares owners are not ‘working people’ ahead of Budget

The Prime Minister had suggested asset owners would not fall within his conception of what a working person is

Evening Standard

No 10 climbs down on PM’s claim stocks and shares owners not ‘working people’

The Government has been asked repeatedly to define what a ‘working person’ is to establish which taxes could rise.

The Independent UK

What the papers say – October 25

A wide range of stories feature across Friday’s papers.

The Independent UK

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Evening Standard

Key mineral importers to get more cash help at the Budget

Rachel Reeves is expected to use her Budget on October 30 to announce companies bringing critical minerals will get access to UK Export Finance.

Evening Standard

Consumer confidence falls again amid ‘despondent mood’ ahead of October Budget

Chancellor Rachel Reeves has repeatedly warned of ‘tough choices’ at upcoming spending review, hitting consumer sentiment.

The Independent UK

Reeves confirms change to debt rule and warns of higher taxes as Budget looms

Chancellor Rachel Reeves insisted her first Budget would pave the way for improved public services and ‘rebuild our economy’.

Evening Standard

Sadiq Khan slashes his minimum ask for transport funding ahead of Labour's Budget

The mayor insisted he will still be demanding ‘as much as I can get’ for TfL, but said the ‘black hole’ in the public finances had to be acknowledged

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The Independent UK

Government borrowing costs rise ahead of Reeves’ first Budget

Speculation that Rachel Reeves will change the way debt is assessed triggered a market reaction.

Evening Standard

If the Budget can increase the size of the economic pie then we will all be better off

A big feature of the Budget will be an increase in public investment, perhaps by around £18bn, paid for by a rise in public borrowing

The Independent UK

Chancellor Rachel Reeves hints at ‘challenging’ Budget in new video

Chancellor Rachel Reeves has hinted at a “challenging” Budget as she prepares to borrow tens of billions of pounds to invest in Britain’s crumbling infrastructure.

Evening Standard

Judge reduced to cleaning courthouse gutters amid justice funding crisis

Country’s most senior judge calls for ‘concrete steps’ from government to support the justice system

Evening Standard

British businesses grow at slowest rate in 11 months amid Budget uncertainty

Chancellor Rachel Reeves has struck a pessimistic tone around the Budget, warning of ‘tough decisions’.

Evening Standard

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

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