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The Latest Breaking News from Budget

Britain faces a 'nasty combination' of high tax and tight public spending after the next election, experts warn

Britain faces a “nasty combination” of high tax and tight public spending after the next general election, leading economists warned on Friday as doubts grew over Jeremy Hunt’s room for Budget giveaways.

Evening Standard

Nirmala Sitharaman to become the second Finance Minister to present the Union Budget six times in a row

Finance Minister Nirmala Sitharaman to present sixth consecutive budget, focusing on immediate fiscal needs before elections.

The Hindu

Has the economy improved in the NDA’s second term?

Has the NDA government’s economic performance in its second term fared better than its first?

The Hindu

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Interest-free crop loans given to nearly 20 lakh farmers

The State government has disbursed ₹15,841.48 crore interest-free crop loans to 19.97 lakh farmers so far this year, an increase of ₹776.48 crore compared to 2022-23.

The Hindu

Interim Budget | Healthcare industry expectations include incentives to promote private investment, R&D, et al

The healthcare industry in New Delhi seeks incentives for private investment, antibiotic research, and healthcare infrastructure in the upcoming budget.

The Hindu

Jeremy Hunt drops new pre-election Budget tax cut hint

He said the 'direction of travel' is for the UK to emulate successful low-tax economies

Evening Standard

Bill to create new debt commission approved in House panel - Roll Call

The House Budget Committee advanced legislation that would create a bipartisan fiscal commission to curb the growth of federal debt.

Roll Call

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Jeremy Hunt hints at voter-friendly tax giveaway in March budget

With polls predicting electoral disaster for Tories, chancellor says ‘economy would be more successful if we had more competitive taxes’

The Guardian - UK

Civil society groups asked us to raise demand in Parliament, that PM Modi visit Manipur before Lok Sabha polls, says Congress

Civil society organisations in Manipur who met Congress leader Rahul Gandhi have urged the party to put forth their demand in the upcoming Budget session of Parliament that Prime Minister Narendra Modi visit violence-hit Manipur

The Hindu

Interim Budget may see measures to boost consumption demand, push agri economy

Finance Minister Nirmala Sitharaman is likely to step up efforts to boost consumption and rural economy while keeping inflation under check when she presents her sixth straight Budget on February 1

The Hindu

City preparing to ‘right-size’ migrant shelters due to budget constraints

Ald. Andre Vasquez (40th), chair of the City Council’s Committee on Immigrant and Refugee Rights, said Deputy Chief of Staff Cristina Pacione-Zayas told him late last month of the city’s plan to, as she put it, “right-size” the migrant shelter system without offering details.

Chicago Sun-Times

Robust revenues: On direct tax collection target and fiscal consolidation

The healthy revenue uptick and appreciable widening of the tax filing base offers some comfort for the government’s fiscal consolidation hopes going forward

The Hindu

Timeline for 'fundamental' Scottish council tax reform imminent, minister says

A TIMESCALE for “fundamental” council tax reform will be unveiled in the coming weeks, the co-leader of the Scottish Greens has said ...

The National (Scotland)

Finance Ministry seeks expenditure proposals for final supplementary demands for grants

Finance Ministry seeks expenditure proposals for 2nd batch of Supplementary Demands for Grants ahead of Budget session. Last session of 17th Lok Sabha before general elections.

The Hindu

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The National (Scotland)

What are the odds of an early General Election in 2024?

THE announcement of one of the earliest spring budget dates in 13 years of the Conservative Government has triggered speculation over an early…

The Hindu

Punjab 2023: Governor, CM at loggerheads; radical preacher Amritpal Singh triggers 'Khalistan' scare

Punjab Chief Minister Bhagwant Singh Mann and Governor Banwarilal Purohit sparred over SYL canal, farmers' protests, radical preacher and more in 2023.

The National (Scotland)

Council leaders warn poverty gap will grow without more funding

COUNCIL leaders have warned the “poverty gap in Scotland will continue to grow” unless more cash can be found for local government as part of…

Kiplinger

7 Rental Car Fees to Avoid

Rental car fees add up. You could pay double the daily rate unless you just say no at the counter.

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The National (Scotland)

Architect of SNP Growth Commission speaks out against tax rises

THE architect of the SNP’s economic plans for independence has hit out at the party’s plans to raise income tax on high earners.

The National (Scotland)

Kate Forbes highlights 'brutal' impact of Westminster cuts on Scottish Budget

FORMER finance secretary Kate Forbes has said the UK Government’s cuts to Scotland’s budget are “brutal” amid fears over whether a key…

The Hindu

Number of CAG audits on Union govt. tabled in Parliament hits a low in 2023 | Data

The number of Comptroller and Auditor General (CAG) audit reports on the Union government tabled in Parliament has significantly decreased, dropping from an average of 40 reports annually between 2014 and 2018 to an average of 22 reports each year from 2019 to 2023. In 2023, only 18 audit reports…

The National (Scotland)

'Devastating': Millions slashed from housing budget amid rising homelessness levels

MILLIONS have been trimmed from Scotland’s housing budget – despite rising levels of homelessness and a housing crisis.

The National (Scotland)

'Patronising' Labour MSP tells Finance Secretary to sit down and be quiet

A “PATRONISING” Labour MSP has been called out by the Finance Secretary after he signalled for her to sit down and be quiet while she was…

The Hindu

Lok Sabha passes Bill to give immediate effect to customs, excise duty proposals in Budget

The House after a brief discussion on the Provisional Collection of Taxes Bill 2023, passed the Bill by voice vote.

The National (Scotland)

Shona Robison to deliver 'toughest ever' Budget as fears raised over cuts

FINANCE Secretary Shona Robison will deliver the Scottish Government’s Budget today – against the backdrop of what she has called the “most…

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