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The Latest Breaking News from Budget

Rachel Reeves set to cut annual cash ISA limit to £12,000 in Budget

The chancellor is set to lay out her highly-anticipated Budget on Wednesday

The Independent UK

Brexit costing UK up to £90bn in lost tax revenue a year, new analysis shows

Exclusive: Britons also up to £3,700 worse off, leading to calls for the Labour government to improve relations with the EU

The Independent UK

Reeves must prove she has a rock-solid plan to free us from this ‘growth crisis’

THE INDEPENDENT VIEW: Editorial: The chancellor’s second Budget has been overshadowed by bleak forecasts, but while the OBR’s downgrade exposes the fragility of Labour’s economic promises and the limits of government spin, she must still deliver

The Independent UK

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Two thirds of voters want Reeves to cut spending rather than hike taxes in Budget

Sir Keir and his chancellor Rachel Reeves are facing a make-or-break Budget this week, with the chancellor expected to increase taxes to plug the gaps in the public finances

The Independent UK

Reeves must use Budget to restore public trust in party, Scottish Labour leader warns

Anas Sarwar issued a warning days before the chancellor delivers her make-or-break Budget - with crucial elections in Scotland in May threatening to decide Keir Starmer’s future as PM

The Independent UK

The problem creating the UK’s pension gap and why the Budget could make things worse

Research shows women have 42p put towards retirement for every £1 men save

The Independent UK

Budget will show if Government is interested in supporting devolution – Robinson

The DUP leader said politicians in NI could not ignore financial challenges.

Evening Standard

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How salary sacrifice schemes changes in Rachel Reeves’ Budget will affect you

Many people are already thought to be heading for a tough retirement financially

The Independent UK

Kyle seeks to reassure business over workers’ rights concerns

Business Secretary Peter Kyle promised a series of consultations would listen to firms’ concerns on how the Employment Rights Bill is implemented.

Evening Standard

What the autumn Budget could mean for pensioners

Rachel Reeves is expected to confirm an above inflation rise on state pensions

The Independent UK

Reeves Under Fire as Directors Flee Britain and Small Firms Struggle With Soaring Costs

A 42% surge in UK directors moving overseas and soaring costs for SMEs spark fears that Rachel Reeves's Budget could deepen Britain's growing business crisis.

International Business Times UK

Voices: Want a Budget millennials won’t hate? Start by taxing life’s biggest nuisances

COMMENT: From boy racers to ultra-processed foods and doomscrolling, Britain’s worst habits cost us dearly, says Sophie Wilkinson – why doesn’t the chancellor put levies on them before taxing us again?

The Independent UK

Reeves to hit 100,000 high-value properties with mansion tax in Budget

The tax will reportedly apply to homes worth more than £2m and could raise up to £450m for the Treasury

The Independent UK

Labour taxes partly to blame for rich leaving London, admits Business Secretary Peter Kyle

The Cabinet minister admitted that in recent years doctors, entrepreneurs as well as billionaires had left the country

Evening Standard

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Evening Standard

Thousands of Londoners 'to be hit by new expensive homes tax surcharge' in Budget

The Chancellor will reportedly hit homeowners with properties worth more than £2million with a levy that could raise £400-£450 million

Evening Standard

Key economic data and trends that will shape Rachel Reeves’ Budget

Government borrowing for the current financial year is the highest on record outside the Covid-19 pandemic.

The Independent UK

After all the hype and confusion, Reeves’s Budget must deliver clarity, stability and direction

THE INDEPENDENT VIEW: Editorial: Britain deserves more than mixed messaging and policy drift. After weeks of premature proposals, the chancellor must deliver a Budget that provides the confidence and coherence so far lacking in both her stewardship and Labour’s broader economic direction

Evening Standard

Minister blames ‘shifting sands’ amid criticism of pre-Budget ‘fiscal fandango’

Transport Secretary Heidi Alexander declined to deny that the Chancellor is planning a pay-per-mile scheme for electric vehicles.

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The Independent UK

‘We are dreading what will come’: Inside the battle for Britain’s pubs as they brace for the Budget

After a bruising few years, the country’s pubs are preparing for the Budget and say they cannot afford more bad news, Dan Haygarth reports

Evening Standard

Rail fares freeze to save London commuters up to £350 in Reeves Budget cost-of-living giveaway

The Chancellor promised train passengers would “not pay a penny more” next year on season tickets, peak returns for commuters and off-peak returns between major cities

The Independent UK

Workers’ pensions expected to soak up costs if Reeves taxes salary sacrifice schemes

Reeves faces employer backlash over a rumoured raid on salary sacrifice schemes

The Independent UK

Reeves targets cost of living with rail fares freeze amid fears over Budget tax rises

The chancellor hopes measures to tackle the cost of living will offset anger over tax rises

The Independent UK

Facing facts on property tax: Rachel Reeves’s Budget options as she hunts for billions

BUDGET 2025: With Labour’s Budget imminent, the chancellor faces a £22bn hole and a narrowing set of promises on tax. Property, long the quiet corner of the system, may finally be in her sights. Here Sean O’Grady and Albert Toth analyse the options available to Reeves

Evening Standard

Starmer refuses to rule out manifesto-busting tax rises in Budget

The Prime Minister declined to recommit to manifesto pledges on tax despite being asked 12 times during a broadcast interview

The Independent UK

Keir Starmer refuses to rule out manifesto-busting tax rises 12 times in TV interview

Labour prime minister came under pressure over Rachel Reeves’s upcoming Budget while on a trip to the G20 summit in South Africa

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People

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