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The Latest Breaking News from Budget

Buoyant miners fail to fire lacklustre FTSE 100

Miners led the way in London on rising metals prices, with copper showing particular strength.

Evening Standard

Reeves accused of forcing OBR chief to quit after watchdog revealed truth about Budget black hole

Tory leader Kemi Badenoch led the accusation about Richard Hughes, the former chair of the Office for Budget Responsibility

The Independent UK

Watch in full: Starmer faces Budget grilling at PMQs

Watch as Sir Keir Starmer faces a grilling over the Budget at Prime Minister's Questions on Wednesday (3 December).

The Independent UK

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Labour MP Markus Campbell-Savours suspended after rebelling against Reeves’s tractor tax

Dozens of Labour MPs abstained from the vote in a fresh blow to Rachel Reeves

The Independent UK

Households ‘have been shoring up cash Isas amid uncertain economic backdrop’

The Government announced in the Budget that the annual adult cash Isa subscription limit will be reduced to £12,000 from April 2027.

Evening Standard

Rate of business closures in the UK falls to lowest level since 2016

Data from the Office for National Statistics reveals around 280,000 businesses across the UK closed in 2024, down from 310,000 in 2023.

Evening Standard

Government urged to review farming inheritance tax plans after Commons vote

Backbenchers argued the measure failed to tackle "abuse by the celebrities and the billionaires" who buy farmland to avoid paying a full inheritance tax bill

The Independent UK

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The jury is still out on David Lammy’s ‘swift court’ reforms

THE INDEPENDENT VIEW: Editorial: The lord chancellor is right to adopt urgent measures to tackle a court backlog that is ruining lives and depriving so many of justice – but even if it takes years, the general presumption of a basic right to trial by jury must be restored

The Independent UK

Labour warned of fresh economic hit as Brexit accelerates high-skilled ‘brain drain’ from UK

‘None’ of the Labour chancellor’s measures will ‘have a material effect’ on growth, Richard Hughes, the chair of the OBR, has said

The Independent UK

Budget crisis engulfs Rachel Reeves as OBR watchdog slams Treasury briefings

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

Evening Standard

Government drafts in new violence against women and girls adviser amid fears it will miss its target

Exclusive: Labour MP Jess Asato has been drafted in to lead a major overhaul of the NHS’s response to violence against women and girls – just days after Refuge branded the chancellor’s Budget a ‘profound disappointment’ to survivors

The Independent UK

UK Government was ‘digging its own black hole’ before Budget, says Flynn

The Chancellor has been accused of misleading the public ahead of the Budget.

Evening Standard

Annual UK house price growth slowed in November and 'affordability likely to improve'

The increase in taxes on income from properties may dampen the supply of new rental properties coming onto the market, the society said

Evening Standard

Annual house price growth slowed in November – Nationwide Building Society

The increase in taxes on income from properties may dampen the supply of new rental properties coming onto the market, the society said.

The Independent UK

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The Independent UK

Starmer: We have to work with China – even if it threatens national security

The prime minister used his Mansion House speech to defend a ‘thawing’ of relations with Beijing – potentially laying the groundwork for a controversial new super embassy to be given approval

The Independent UK

OBR chairman resigns over Budget leak

Richard Hughes has served as chairman of the Office for Budget Responsibility since 2020 and was reappointed to the job in July.

Evening Standard

OBR chief Richard Hughes resigns amid growing chaos over Budget as PM defends Chancellor

Treasury minister James Murray told the Commons that the Government backs a ‘deeper forensic investigation’ into previous Office for Budget Responsibility (OBR) disclosures

Evening Standard

Starmer says there was ‘no misleading’ by Chancellor ahead of Budget

Rachel Reeves has also reportedly been accused of misleading the Cabinet.

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Evening Standard

Did Rachel Reeves lie to justify her £26billion Budget tax raid?

The Chancellor is facing calls to resign over misleading the public and Cabinet minister over the state of Britain’s finances

The Independent UK

Best savings accounts before interest rates are cut pre-Christmas

Make sure your cash is working hard for you and earning interest

The Independent UK

UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy

British Prime Minister Keir Starmer has defended his Treasury chief Rachel Reeves against claims she misled the public about government finances before last week's tax-hiking budget

The Independent UK

Three former Tory MPs defect to Farage’s Reform

One says he believes the Conservative Party has ‘lost touch with the people it was meant to serve’

Evening Standard

Pint of beer price to rise in London pubs clobbered by Reeves on tax, business rates and staff pay hike

London MPs criticised the growing burden being placed on the hospitality sector by the Chancellor

The Independent UK

OBR chairman resigns after damning report into leak of Reeves’ Budget - latest

The report said the leak was ‘the worst failure in the 15-year history of the OBR’

The Independent UK

Blow for Reeves as business confidence at near record low after Budget

Labour chancellor under pressure to do more to improve the prospects for economic growth

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