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The Latest Breaking News from Budget

Rachel Reeves gambles on £40bn tax rise in her first Budget

With a £40bn hike, Rachel Reeves delivered the highest level of tax increases ever announced in a Budget, but questions remain as to whether her measures will deliver the economic growth she hopes for

The Independent UK

NHS receives major Budget boost but ‘lacklustre’ social care settlement will hit councils, experts warn

Government’s Budget settlement for the NHS will not ‘drastically improve care’ this year, experts say

The Independent UK

Reeves uses first Budget to hike taxes, increase borrowing and boost spending

Chancellor Rachel Reeves used Labour’s first budget since 2010 to put extra money into public services but sent taxes to a post-war high.

Evening Standard

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First-year tax rates for petrol, diesel and hybrid cars set to rise following Budget

First-year VED rates will increase by more than double after the announcement.

Evening Standard

FTSE 100 drops to two-month low as bond yields rise after Budget

The FTSE 100 finished 59.98 points, or 0.73%, lower to end the day at 8,159.63.

Evening Standard

Budget 2024 calculator: How will Chancellor Rachel Reeves' statement affect you?

Our ready reckoner calculator will allow you to work out whether you are better or worse off

Evening Standard

Inflation and mortgage rates elevated by Chancellor’s spending plans, says OBR

Chancellor Rachel Reeves announced almost £70 billion of extra spending each year in her maiden budget.

The Independent UK

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Tax calculator: See how Rachel Reeves’ Budget will affect you

Use our Budget calculator to determine whether Reeves’ announcements will leave you better or worse off

The Independent UK

Budget watchdog finds £9.5bn shortfall in previous government’s spending plans

Rachel Reeves’ Budget on Wednesday afternoon sought to address a ‘black hole’ in finances.

The Independent UK

Scottish Government gives cautious welcome to Labour Budget

THE Scottish Government has given a cautious welcome to spending pledges in the Budget.

The National (Scotland)

Budget 2024: What was missing from Labour’s historic event?

The chancellor confirmed that new tax rises add up to £40bn

The Independent UK

Deputy Speaker Ghani keeps MPs in order as she supervises Budget debate

Ms Ghani also reiterated the chastising of the Government for revealing details of the Budget to the media.

The Independent UK

Small business owner considers selling firm amid minimum wage increase

Christina French, founder of an electrical contracting business, fears she will have to sell one of her businesses to make ends meet.

Evening Standard

Catastrophic cost of Brexit on UK trade revealed in stark OBR warning

Exclusive: Figures published alongside Budget spark claims UK’s exit from EU is ‘elephant in chancellor’s study’

The Independent UK

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The National (Scotland)

Scotland's hospitality sector issues warning over Labour Budget

SCOTLAND’S top hospitality operator has warned the Chancellor’s decision to raise National Insurance contributions could “certainly cost…

Evening Standard

UK economic growth upgraded this year amid ‘temporary boost’ from spending

The Office for Budget Responsibility has predicted that UK gross domestic product will grow by 1.1% in 2024.

Evening Standard

Mortgage rates to rise after Rachel Reeves' tax, borrow and spend Budget, says official forecaster

The Chancellor has clashed with the Tories over whether her Budget would push up mortgage bills

The Independent UK

Employer national insurance hike to slow hiring and wage growth, critics say

Rachel Reeves announced the tax increase in her autumn Budget statement to the House of Commons.

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news in one place.

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The Independent UK

Train fares and railcard price increase: What you need to know

Changes to fares will come into force next year

Evening Standard

Taxes, borrowing and spending up in Rachel Reeves’ first Budget

Chancellor Rachel Reeves said she was ‘fixing the foundations of our economy’ but taxes will rise to their highest levels since the Second World War.

The Independent UK

The meaning behind Rachel Reeves’ Budget blouse

Reeves channelled the colour of the season in a plum pussy-bow blouse.

The National (Scotland)

Chancellor announces major changes for pensioners in Budget

The Chancellor has promised an extra £470 for pensioners next year.

Evening Standard

More than £13bn set aside for infected blood and Horizon scandal victims

Some £11.8 billion will be set aside for infected blood victims, and £1.8 billion to compensate those caught up in the Post Office Horizon scandal.

The National (Scotland)

Scottish Labour MP asks Keir Starmer to cut back devolution to control SNP's Budget

A SCOTTISH Labour MP has asked the Prime Minister to roll back devolution and constrain how the SNP Government spends its Budget ...

The Independent UK

Watch: Rachel Reeves unveils Labour’s Budget as first female chancellor

Watch as Rachel Reeves presented Labour’s first Budget in 14 years on Wednesday, 30 October.

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