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The Latest Breaking News from Budget

Finance Secretary Robison urges MSPs to back Budget ahead of first vote

The Budget has increased the Scottish Child Payment and paved the way for a levy on private jets and a so-called ‘mansion tax’.

Evening Standard

Barratt profits drop amid budget uncertainty and subdued buyer demand

The group reported a 13.6% drop in underlying pre-tax profits to £199.9 million for the six months to December 28.

Evening Standard

House prices increased by 2.5% in November despite Budget concerns

The ONS said the average house price across the UK rose to £271,000 for the month, despite continued challenges in the housing market.

Evening Standard

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Robison cannot say if five more national treatment centres will be delivered

The infrastructure pipeline was published alongside Tuesday’s Budget, leaving out the national treatment centres.

Evening Standard

Claims Reeves’s post-Budget U-turns cost her £3bn of £22bn headroom in just six weeks

The chancellor is under pressure to turn her March spring statement into a mini-Budget after a series of concessions and U-turns in recent weeks

The Independent UK

Holyrood Budget to focus ‘resolutely’ on people’s priorities, vows Robison

The Scottish Finance Secretary will set out her draft tax and spending plans on Tuesday.

Evening Standard

Will 2026 be a good year to buy or sell a home? The experts weigh in

Looking to move home in the new year? Property experts share their advice

Evening Standard

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Farage’s conditional pledge to remove child benefit cap ‘would plunge 450,000 into poverty’

Exclusive: New analysis by the Department for Work and Pensions (DWP) has led charities to warn about the impact of Farage’s plans on the two child benefit cap

The Independent UK

Britain faces lost decade after Reeves Budget failed to shift growth dial, say London bosses

They are setting up their own Growth Commission to identify measures to boost London firms and the UK economy

Evening Standard

GDP shock: London businesses slam Budget turmoil as UK economy shrinks 0.1% in October

The latest GDP figures are a blow to Rachel Reeves, who admitted leaks in the run-up to her November 26 Budget were ‘very damaging’

Evening Standard

Reeves admits Budget leaks were ‘extremely damaging’ but insists she wasn’t to blame

Chancellor hits out at ‘too many leaks’ and says inquiry is underway to root out the person responsible

The Independent UK

William Hill owner considers sale after Budget gambling tax hikes

Debt-laden Evoke said the potential sale comes a number of gambling taxes were increased in last month’s Budget.

Evening Standard

Reeves: PM and I decided ‘as a team’ not to hike income tax

The Chancellor also said a leak revealing she had dropped plans for an income tax rise was ‘incredibly damaging’.

Evening Standard

UK shoppers cut back on pre-Christmas spending at fastest rate in almost five years

British consumers have been left concerned by uncertainty around the Budget, high inflation and the cost of living

The Independent UK

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Evening Standard

JLR recovery set to have lifted economy in October despite pre-Budget nerves

Official figures will show estimates for UK gross domestic product (GDP) on December 12.

Evening Standard

Reeves will not face ministerial standards probe over Budget briefings

Nigel Farage had called for an investigation into whether the Chancellor mispresented the state of the public finances ahead of her fiscal statement.

The Independent UK

Stark warning to pension savers over Rachel Reeves’s salary sacrifice changes

HMRC suggest 3.3 million people will be impacted by the salary sacrifice changes

Evening Standard

3.3m pension savers facing hit with salary sacrifice changes

HMRC said an estimated 7.7 million employees currently use salary sacrifice to make pension contributions.

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Evening Standard

Sarwar’s fingerprints ‘all over the Budget’, says Starmer

The Prime Minister touted his Scottish leader’s influence as he addressed members on Thursday.

The Independent UK

Michelle O’Neill to tackle Starmer for ‘prioritising weapons of war over people’

The Stormont leader said the Budget had been a missed opportunity to support those struggling to pay for food and heat their homes.

Evening Standard

Builders downed tools amid fears over Reeves Budget in fresh blow to new homes for London

Housing, civil engineering and commercial activity ‘tanked’ last month, say economists

The Independent UK

UK construction sector shrinks at fastest rate since 2020

The latest figures were significantly worse than economists had expected, as firms partly blamed caution ahead of the autumn Budget.

Evening Standard

Budget could cost hospitality another 100,000 jobs warns industry boss

Workers aged 16 to 24 make up 10% of the country's total workforce but account for about half the workers in some hospitality roles

Evening Standard

Treasury minister: inquiry into pre-Budget leaks under way

James Murray, a Treasury minister, told MPs that a leak inquiry is ‘under way with the full support of the Chancellor’.

Evening Standard

Badenoch: Reeves could be prosecuted for market abuse over claims before Budget

The Chancellor has faced accusations she misled voters by overstating the scale of the fiscal challenge, but has denied doing so.

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