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The Latest Breaking News from Budget

Millions more dragged into paying higher income tax in Reeves’s £26bn Budget squeeze

Chancellor admits ‘I am asking ordinary people to pay a little more’ as she unveils dozens of tax rises, but finally scraps the much-criticised two-child benefit cap

The Independent UK

Tax, spending and investment: Where the Budget ranks in history

The Government has committed to the longest sustained period of high spending since the Second World War.

The Independent UK

Taxi costs in London set to soar as Chancellor announces new tax on minicabs

During her Budget on Wednesday, Rachel Reeves revealed private-hire vehicles from ride-sharing apps such as Uber and Bolt will see 20% VAT added on to journeys

Evening Standard

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Budget does not go far enough in public service investment – Stormont minister

Stormont Finance Minister John O’Dowd said Rachel Reeves’ spending plan ‘strengthened the need’ for fiscal devolution in Northern Ireland.

Evening Standard

IFS responds to £150 cut to energy bills pledged in Rachel Reeves’ Budget – will it work?

Some climate campaigners have criticised the move by Rachel Reeves to cut green levies

The Independent UK

Rachel Reeves dodges question on her future after Budget unveiled

Rachel Reeves dodged a question about whether she would still be chancellor at the next general election after unveiling a package of £26bn tax hikes in the Budget.

The Independent UK

FM pledges more cash for tackling poverty after Reeves scraps two-child cap

First Minister John Swinney said money freed up by the Chancellor’s announcement would be used to help in the fight against child poverty.

The Independent UK

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Stocks rise, pound firms after ‘tolerable’ Budget

Financial markets gave a guarded welcome to Chancellor Rachel Reeves’s plans on Wednesday.

The Independent UK

Sir Grant Shapps criticises ‘catastrophic’ budget after receiving knighthood

The former defence secretary criticised the ‘chaos’ he said surrounded Rachel Reeves’s Budget after receiving his knighthood from the Princess Royal.

The Independent UK

Campaigners and Labour MPs hail Rachel Reeves’ decision to scrap two-child limit

Ditching the policy will result in an estimated reduction of child poverty by 450,000.

Evening Standard

Voices: ‘A kick in the teeth’: Readers say Rachel Reeves’ Budget ‘punishes responsibility’

YOUR VIEWS: Our community overwhelmingly feel the Budget prioritises Labour’s political goals over public needs, hitting already-squeezed taxpayers with steep rises while offering little confidence in meaningful economic improvement

The Independent UK

How the Budget will affect you: Winners and losers from Rachel Reeves’ tax rises and new spending

Business owners, landlords and EV drivers were hit in the chancellor’s Budget

The Independent UK

CAMRA slam Budget as 'a dark day for UK drinkers, pubs and breweries'

The Budget did not address the pub industry’s concerns over VAT, energy bills or employer National Insurance contributions

Evening Standard

Budget 2025: Renters braced for price hikes after Rachel Reeves hits landlords with tax increase

The Conservative leader says Rachel Reeves’s plan to increase taxes on rental income will force landlords out of the market and leave tenants paying the price

The Independent UK

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Evening Standard

Reeves launches £26 billion tax raid as welfare spending rises

Chancellor Rachel Reeves’s announcements will leave 1.7 million people paying more income tax.

Evening Standard

Government borrowing costs ease back as gilts and pound stage post-Budget rally

Experts said the market was placated by forecasts for a larger fiscal buffer and a credible path to lower government borrowing.

Evening Standard

Budget 2025: All the property announcements from Chancellor Rachel Reeves

From the introduction of a ‘mansion tax’ to increasing the tax on property income, here are the property announcements contained in today’s Budget

The Independent UK

Deputy speaker Nusrat Ghani scolds Labour over early Budget briefings

The Deputy Speaker has condemned the government for extensively speaking to the media in the weeks leading up to the Budget.

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The Independent UK

From mansion tax to cash ISA changes: Key announcements in Reeves’ Budget

The chancellor has unveiled £26bn worth of tax rises in the Commons as she attempts to plug a multi-billion pound gap in Britain’s ailing public finances

Evening Standard

Criminal inquiry demanded as ‘unprecedented’ leak of Chancellor's Budget reveals £26bn tax rises

Rachel Reeves condemns ‘deeply disappointing’ accidental release of Budget details ahead of her Commons statement

The Independent UK

Rachel Reeves to change pension salary sacrifice schemes — what you need to know

IN FULL

Evening Standard

£2,000 cap for salary-sacrificed pension contributions – OBR

The policy would raise an estimated £4.7 billion in 2029/30 and £2.6 billion in 2030/31, an Office for Budget Responsibility document said.

The Independent UK

Budget at a glance: What has Rachel Reeves announced?

Here, the PA news agency looks at the tax rises and cost-of-living measures in Wednesday’s Budget.

Evening Standard

Tax hiked and growth downgraded as details of Budget released early

The OBR confirmed Rachel Reeves’ Budget ‘raises taxes by amounts rising to £26 billion in 2029-30’.

The Independent UK

Rachel Reeves says Labour does not need to raise taxes in Budget in resurfaced clip

Rachel Reeves vowed not to increase taxes in the Budget, a resurfaced clip shared by Kemi Badenoch shows.

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