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The Latest Breaking News from Finance

John Swinney warns against Scottish Budget stalemate

The First Minister will urge other parties to come together and back the Budget.

The Independent UK

Scottish Retail Consortium urges MSPs to back ‘imperfect’ budget

The industry body said that while the budget does not make the cost of business cheaper there is much in it the sector supports.

The Independent UK

Political Turmoil Shakes South Korea's Economy

After South Korea's president and his replacement were both deposed over a failed bid to impose martial law, deepening political turmoil is threatening the country's currency and shaking confidence in its economy.

International Business Times

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Canadian ministers to talk tariffs with Trump aides in Florida

Visit by Canada’s foreign affairs and finance ministers comes as country hopes to avoid 25-percent US tariffs.

Al Jazeera

5 elections to watch in 2025

The coming 12 months can’t promise the bumper crop of elections we saw during 2024, when countries home to about half the world’s population headed to the polls. Still, voters will cast ballots in several important elections throughout the year – and many of the themes persist: the impact of…

The Conversation

Stormont ministers agree to put draft budget out for public consultation

Ministers were unanimous in green-lighting the public feedback exercise.

The Independent UK

Deficits dig deeper holes as cracks appear in budget

Australia is on track for a soft economic landing despite budget deficits set to widen as spending grows and tax receipts fall, Treasurer Jim Chalmers says.

AAP

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Canadian Finance Minister Resigns, Shakes Trudeau's Administration

Canadian Prime Minister Trudeau faces challenges after Finance Minister Freeland's resignation, impacting governance and future strategies.

Top News

Super concessions take biggest bite from the budget

Cost-of-living relief measures are off the table in the mid-year budget update, as a tax expenditure list shows the type of deductions that cost the most.

AAP

Budget fails to tackle slow economic growth, says Labour

The SNP argued the UK Government is treating Scotland as an ‘afterthought’.

Evening Standard

SNP leadership 'drifting too far from policy set by members', insiders say

SNP Government leaders are drifting “too far” from the party policy decided by their members, figures within the SNP have warned.

The National (Scotland)

Budget squanders opportunity of £5.2bn extra funding, warns Sarwar

But First Minister John Swinney urged the Labour leader to support his party’s tax and spending plans.

Evening Standard

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Evening Standard

Robison ‘not settling for £300m’ from Treasury for national insurance rise

The Scottish Finance Secretary said she is ‘determined’ to get more cash to help the public sector fund increased contributions.

The National (Scotland)

Top financial institutions give verdicts on SNP's Scottish Budget

TWO respected financial institutions have given their verdict on the SNP Government Budget, noting a “significant increase” in public service…

Evening Standard

No more emergency Budget revisions due to pay awards, Shona Robison promises

For the last three years the Scottish Government has been forced to make in-year adjustments to its Budget.

Evening Standard

Income tax will be frozen until 2026, Finance Secretary promises

Shona Robison said more people will also be pulled into paying lower rates of tax as thresholds increase by around double the rate of inflation.

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Evening Standard

Campaigners welcome £768m for affordable housing but warn far more required

It comes after last year’s Scottish budget included cuts to funding for housing and planning.

The Independent UK

Two-child benefit cap to be scrapped in Scotland under Budget plans

Finance Secretary Shona Robison also outlined record NHS and local government funding in her tax and spending plans for 2025/26.

The National (Scotland)

Finance Secretary announces £34 million for Scotland's culture sector

THE Finance Secretary has said she will increase Scotland’s culture budget by £34 million next year...

Evening Standard

Key points from the Scottish Budget

Scotland’s Finance Secretary Shona Robison unveiled her tax and spending plans for 2025/26 to MSPs at Holyrood on Wednesday.

The National (Scotland)

Shona Robison announces Scottish Budget – all the key measures announced

FINANCE Secretary Shona Robison has announced the Scottish Government’s Budget...

The National (Scotland)

SNP to scrap Labour's two-child benefit cap in Scotland, Finance Secretary announces

THE SNP Government will abolish the two-child benefit cap for Scots, the Finance Secretary has told MSPs ...

The National (Scotland)

Trade unions call for reform to local government and services ahead of Budget

Trade unions have called for local government reform ahead of Wednesday's Budget.

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