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The Latest Breaking News from Budget

Rachel Reeves wants to eat the rich, but London needs a better boost

As the super-rich take their money out of the capital, there are easy wins the Chancellor could take in her Budget, reports Jonathan Prynn

Evening Standard

Reeves under pressure to break Labour’s manifesto pledge by targeting high earners

IN FULL

The Independent UK

Rachel Reeves under pressure to target high earners in Budget tax raid

Exclusive: The chancellor is being pushed to break Labour’s manifesto pledge on not raising income tax

The Independent UK

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Rachel Reeves warned living wage hike will lead to job losses

The chancellor is looking at raising the living wage to at least £12.70 in her Budget

The Independent UK

Do not cut cash Isa allowance in the Budget, senior MPs warn Reeves

It is ‘not the right time’ to cut the tax-free limit, a senior MP warns

The Independent UK

Rent crisis will keep breaking new records without action, Labour warned

Council spending on temporary accommodation has doubled in a decade to £2.8bn, a new report shows

The Independent UK

Brits to Spend More This Christmas – But Falling Savings and Budget Fears Signal Tougher Times Ahead

UK consumer confidence hits a high, but growing anxiety over personal finances is evident as savings decline.

International Business Times UK

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Scrapping two-child benefit cap could lift 630,000 children out of poverty

Scrapping the two-child benefit cap would be among the most cost-effective ways to reduce child poverty, the Institute for Fiscal Studies has said

The Independent UK

Annual UK house price growth slows as London sees average property values fall

Property experts said the autumn Budget has injected uncertainty into the market and made some buyers cautious.

Evening Standard

London lawyers and accountants ‘targeted in new £2bn tax raid’ as Rachel Reeves prepares Budget

Rachel Reeves is reportedly considering a new tax hit on more than 190,000 people who use limited liability partnerships

Evening Standard

Brexit has made UK economy and productivity ‘weaker’ than thought, says Reeves

The expected downgrade of the OBR’s previous assumptions is likely to make filling a black hole in her Budget even harder.

Evening Standard

Stealth inheritance tax rises lead to record £4.4bn take for Treasury

Boost to government’s coffers is in part due to frozen thresholds that have remained in place for years

The Independent UK

Rachel Reeves axes ‘arbitrary rules’ costing firms £6 billion ahead of Budget

The Chancellor detailed plans to scrap paperwork for businesses as she looks to fill a black hole in the state’s finances.

Evening Standard

Universal Credit, PIP and Motability: Could Labour cut more benefits in the autumn Budget?

There are several proposals for further changes to the benefit system

The Independent UK

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Evening Standard

Autumn house price bounce lower than usual in October, says Rightmove

There has not been enough pent-up momentum or recent positive sentiment to spur the usual autumn bounce in property prices, Rightmove said.

Evening Standard

How thousands in London could be hit with new council tax bands under Rachel Reeves budget plans

Affluent people in the capital are rumoured to be among the main targets for the new taxes

Evening Standard

Cheat the Week: Reeves admits she’s mulling tax rises and spending cuts

This week’s biggest news stories in review, and how the media has covered them

The Independent UK

Is Reeves mounting a pensions tax raid at the Budget?

As the chancellor looks to bolster government funds, few options remain off the table

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Evening Standard

Proposed changes to business rates ‘risk slowdown’ in investment, warns BT

BT’s finance chief said expected changes at next month’s Budget could cost infrastructure firms an extra £400 million each year.

The Independent UK

Number of children in temporary accommodation hits new record high

Campaigners are urging Chancellor Rachel Reeves to unfreeze housing benefit in the Budget

Evening Standard

Number of children in temporary accommodation almost double Wembley capacity

Campaigners are calling on Chancellor Rachel Reeves to unfreeze housing benefit in the Budget.

Evening Standard

Premier Inn sales slip in UK despite boost from Oasis gigs

Hospitality group Whitbread said it shaved millions of pounds off of its cost base in a bid to mitigate higher labour costs and food inflation.

Evening Standard

Londoners in the firing line for tax rises as Reeves says levy on wealthy 'will be part of story' at Budget

Chancellor says higher taxes on the wealthy will be ‘part of the story’ when she delivers her Budget on November 26

The Independent UK

‘Tinkering around edges’ at Budget risks another year of economic pain, IFS warns Reeves

Chancellor must take ‘bold action’ to avoid ‘limping from one forecast to the next’

Evening Standard

Reeves faces Budget ‘groundhog day’ without bold action, says IFS

The think tank said it expects the Chancellor will need to find at least £22 billion next month.

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