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The Latest Breaking News from PA Graphics

Reeves admits NI hike could hit pay rises while markets react to borrowing spree

Chancellor Rachel Reeves insisted she had no alternative but to raise taxes in her first Budget.

Evening Standard

Government borrowing costs rise further after Budget

UK government bond yields jumped to a one-year high on Thursday after Labour announced a sharp increase in spending in the Budget.

Evening Standard

Rise in criminals recalled to jail after Tories freed thousands early

More than a third (35%) of prisoners released under the scheme were serving a sentence of six months or less.

Evening Standard

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read the most diverse news in one place.

Spending plans mean £9 billion of cuts after next year, economists warn

Economists have suggested Labour’s longer-term spending plans are ‘extremely challenging’ and do not rule out a return to austerity.

Evening Standard

Channel crossings: 564 migrants arrive in UK as man dies attempting journey

The latest figures take the total for 2024 so far to more than 30,000.

Evening Standard

Extra Budget cash for Scotland will not see two-child cap axed, Robison suggests

The Scottish Finance Secretary also appeared to indicate the money will not be used to restore universal winter fuel payments to pensioners.

The Independent UK

Lower pay rises likely due to Budget tax rises, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could impact wage growth for workers.

Evening Standard

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Reeves to face scrutiny over Budget that raises taxes, borrowing and spending

The overall tax burden will reach a record 38.3% of gross domestic product (GDP) in 2027-28.

Evening Standard

Historical benchmarks and milestones in Rachel Reeves’ first Budget

Government investment is forecast to reach the highest sustained level since the 1970s.

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

Firms ‘set to pass on most of higher tax costs to employees through lower wages’

The Office for Budget Responsibility said it assumes that firms will ‘pass on most but not all of their higher tax costs to employees’.

The Independent UK

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

Chancellor: Budget gives Holyrood its largest ever real-terms funding settlement

Rachel Reeves said the Scottish Government will receive an additional £3.4 billion in 2025-26 due to her tax and spending decisions.

Evening Standard

The Budget: Winners and losers

Who are the winners and losers from the Budget?

Evening Standard

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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.

The Independent UK

At a glance: How will the 2024 Autumn Budget affect me?

The main points from Chancellor Rachel Reeves’ Budget

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.

Evening Standard

At a glance: Key points from the 2024 Autumn Budget

Here are the main points from Chancellor Rachel Reeves’ Budget, the first by a Labour government since March 2010.

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Evening Standard

Fuel duty frozen as Government maintains 5p cut

In her Budget speech to the Commons, Chancellor Rachel Reeves said this is a ‘substantial commitment’.

Evening Standard

Inflation set to stay above 2% for next four years, says OBR

The fiscal watchdog said inflation is expected to be 2.6% next year, significantly ahead of a previous prediction of 1.5%.

The Independent UK

Reeves increases taxes by £40bn to address ‘black hole’ in public finances

Chancellor Rachel Reeves will also increase investment as she promised to ‘fix the foundations’ of the economy.

Evening Standard

Reeves pledges ‘more pounds in people’s pockets’ after warnings of tough choices

The Chancellor’s Budget is expected to focus on fixing the NHS, growing the economy and making people feel better off.

Evening Standard

Minimum wage to rise 6.7% as Chancellor plots path to ‘genuine living wage’

Wages will rise for 3.5 million workers, but the Low Pay Commission warned businesses were beginning to struggle with large increases.

Evening Standard

Reeves: Budget will end ‘neglect’ of NHS but turnaround will take time

The Chancellor is expected to pump billions of pounds into the health service.

Evening Standard

Prison population dips 3% as inmates released early to cut overcrowding

there were 85,867 prisoners behind bars in England and Wales on Monday.

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