The Latest Breaking News from Budget

Chancellor Jeremy Hunt is understood to be looking at increasing pension allowances in Wednesday’s Budget.

The lifetime allowance is currently set at £1.07million but could be increased to as much as £1.8million, in what is being seen as plans to get people working longer and to encourage over-50s back into work

The Chancellor is looking at increasing the lifetime and the annual pension allowance as part of his fiscal package on Wednesday.

Budget speech will include announcement of £100m for 26 projects in Glasgow and two English cities

The Government should introduce accelerated depreciation for manufacturing technology in this year’s Budget, if it wants to kick-start manufacturing businesses’ investment in advanced equipment and boost productivity. That’s the message from Employers and Manufacturers Association boss Brett O’Riley. 

The cross-party group of MPs called for the reintroduction of tax-free shopping for tourists to make London more attractive to overseas shoppers

The Treasury has announced new steps to boost workforce participation ahead of this week’s Budget.

Decision likely to hinge on outcome of this week's Budget.

Chancellor Jeremy Hunt will use his first Budget to address the drop in the UK’s labour force participation.