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The Latest Breaking News from Budget

Yellen, House Republicans spar over tax increases, debt limit

WASHINGTON — House Republicans slammed the Biden administration’s tax proposals in a hearing with Treasury Secretary Janet L. Yellen on Friday, giving the president’s latest budget request an icy reception.

Tribune News Service

Carbon capture Budget pledge could put the fizz in Humber Net Zero industrial ambitions

Chancellor to back technology to store emissions and clean up carbon-intensive operations like power generation, steelmaking and refining

Birmingham Post

Davey: SNP now engulfed in poisonous divisions due to leadership race

The Liberal Democrat leader has addressed his party’s Scottish conference in Dundee.

The Independent UK

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Dark clouds over construction sector despite GDP growth, as building work slips to 11-month low

The UK building sector had its worst month in almost a year, but there may be signs of greater resilience in the London housing market

Evening Standard

Government urged to use upcoming Budget to fund Scottish carbon capture project

MPs from the Scottish Affairs Committee made the plea in a new report.

The Independent UK

MPs call on Chancellor to approve Acorn carbon capture project

Scottish Affairs Committee warns that net zero targets are at risk if Scottish cluster is not utilised

Insider UK

Councils say pothole funding is 31 times below budget per mile for major roads

The Local Government Association urged the Treasury to use next week’s Budget to provide more money to councils to fix pothole-plagued local roads.

The Independent UK

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Biden proposes $6.8 trillion budget to make rich pay "fair share"

“My 2024 Budget is a blue-collar blueprint to rebuild America," Biden said.

Axios

Debt limit clouds outlook as Biden budget set to hit Thursday

WASHINGTON — President Joe Biden’s delayed budget for the upcoming fiscal year due Thursday will kick off what’s expected to be a lengthy battle over spending levels and priorities, with the debt ceiling deadline looming this summer casting a pall over the entire process.

Tribune News Service

Debt limit clouds outlook as Biden budget set to hit Thursday - Roll Call

President Joe Biden’s delayed budget due Thursday will kick off what’s expected to be a lengthy battle over spending levels and priorities.

Roll Call

Sage and L&G chief execs join calls for Government to boost business investment

The prominent company leaders say more needs to be done to encourage businesses to invest and improve productivity

Birmingham Post

Martin Lewis ‘99% certain’ energy prices will not rise by £500 next month despite official response

The consumer champion asked Grant Shapps directly about the planned increase from April on The Martin Lewis Money Show Live.

Daily Record

Hospitality bosses urge Chancellor to reform rates, planning and licensing in 2023 budget

UKHospitality Chief Executive Kate Nicholls said that without these changes, some hospitality companies could go out of business

Evening Standard

Labour warns Jeremy Hunt to resist 'siren' Tory calls to cut corporation tax

The Shadow Chancellor urged the Government to push ahead with lifting the tax on companies' profits from 19% to 25% when Mr Hunt delivers the Budget next Wednesday

Daily Mirror

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Birmingham Post

Spring Budget: Hargreaves Lansdown says green economy and net zero must be at heart of government priorities

The Bristol-based financial services firm warned UK was ‘lagging’ behind other countries when it comes to investment in green tech

The Independent UK

Defence Secretary ‘pretty confident’ about receiving Budget boost

Ben Wallace has lobbied for extra funding to deal with inflationary pressures and the cost of backing Ukraine in the fight against Russia.

Daily Record

Council Tax to rise by five per cent in North Ayrshire as council budget set

A number of alterations were made to the final budget.

Evening Standard

Taylor Wimpey to build a third fewer homes

Chancellor meets with housing industry figures as shockwaves from 2022 mini-Budget are still being felt

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Daily Mirror

Chancellor urged to act NOW with Budget help or 2,000 British pubs will be lost forever

Three in 10 pubs are at risk of going to the wall in a devastating blow to communities across Britain as beer and energy prices threaten to drag our much-loved boozers under

Tribune News Service

‘Views and estimates’ markup becomes political fodder

WASHINGTON — Budget season is coming, and so are “views and estimates” markups. Well, for some committees, that is.

Roll Call

‘Views and estimates’ markup becomes political fodder - Roll Call

Budget season is nearly at hand, and so are "views and estimates" markups -- for some committees, that is.

The Independent UK

Jeremy Hunt can afford public sector pay rises at March Budget, says IFS

Ditching fuel duty freeze could pay for more generous settlement, suggests think tank

The Independent UK

Priti Patel urges Jeremy Hunt to stop planned corporation tax rise in Budget

The former home secretary has called on the chancellor not to go ahead with the planned increase in corporation tax

Birmingham Post

FSB issues five-point wish list for Chancellor Jeremy Hunt's Budget 2023

The last full Budget was presented by Rishi Sunak in October 2021

Birmingham Post

Sage CEO says French tech competitiveness is a 'wake-up call' for UK Government

Boss of the accounting giant calls for a range of measures ahead of next month's Budget

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