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The Latest Breaking News from Budget

Search begins for quantum growth centre operator

The federal government has begun accepting pitches from quantum computing companies to establish the Australian Centre for Quantum Growth, almost six months after the initiative was funded. A grant of up to $18.5 million over four years is now on offer to a consortia of organisations wanting to set up…

InnovationAus

Jeremy Hunt’s free childcare pledge ‘doomed to fail’ as thousands of nurseries close amid staffing crisis

Exclusive: One mother says she will soon be forced to drive 60 miles a day for childcare due to lack of services in her area

The Independent UK

Watch live: Office for Budget Responsibility addresses MPs about Hunt’s autumn statement

Watch live as the Office for Budget Responsibility (OBR) addresses MPs about Jeremy Hunt’s autumn statement on Tuesday (28 November).

The Independent UK

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Boutique vs Budget: Pumps, multi-tools, bottle cages - we put the most alluring and the most economical Cyber Monday deals head-to-head

Sometimes the basics are all you need, other times a little over-engineering fully has its place...

Cycling Weekly

OPINION - The Standard View: The Chancellor giveth, the Chancellor taketh away

The starting gun for the next general election campaign may have already been fired, but today’s Autumn Statement represents an intensification of hostilities. The Chancellor took some of the fiscal headroom handed to him by the Office for Budget Responsibility and sought to give voters — not least Tory backbenchers…

Evening Standard

Watch as Office for Budget Responsibility holds press conference after Hunt’s autumn statement

Watch as the Office for Budget Responsibility holds a press conference following Jeremy Hunt’s autumn statement.

The Independent UK

Trades union councils protest council cuts in run up to Scottish Budget

TRADE councils in Scotland are set to stage demonstrations against council cuts in the run up to the Scottish Budget.

The National (Scotland)

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Johnson’s first budget leans on one-time revenue, hopes for federal, state help to avoid tough choices down the road

Mayor Brandon Johnson’s first budget is expected to sail through the Chicago City Council on Wednesday. It’s balanced in part with $786.5 million in one-time revenues. The search for new revenue sources has been punted to a Council subcommittee.

Chicago Sun-Times

Dominello to lead myGov advisory group

A new advisory group led by former NSW digital minister Victor Dominello has been established to “put the customer first” in future upgrades to the government digital services platform. Former Human Rights Commissioner Professor Edward Santow and director of Tech Policy Design Centre at the Australian National University, Professor Johanna…

InnovationAus

Perrottet govt secretly gutted state’s ‘Future Economy Fund’

The Perrottet government secretly gutted its flagship innovation program within months of announcing it last year, while also slashing the budget of the department developing it.$263 million was cut from the New South Wales government’s Future Economy Fund (FEF) in November last year, less than six months after the $703…

InnovationAus

Liz Truss’s ‘growth commission’ to publish alternative Budget

Report will come just over a year after former prime minister’s real Budget caused financial chaos

The Independent UK

State’s capex declined over 7% so far in 2023-24

Tamil Nadu has reduced capital expenditure by 7.37% in 2023-24 (till Aug) compared to 2022-23. The State had budgeted ₹44,366 crore for capital expenditure and spent 22.44% of it. Govt is monitoring capital works to spur growth and manage revenue deficit at budgeted level of ₹37,540 crore. Debt to GSDP…

The Hindu

Brandon Johnson’s budget address reveals how Chicago plans to address crime, migrant crisis and property taxes

The mayor presented $16.6 billion 2024 city budget to the City Council today. Here’s how he wants to use taxpayer money.

Chicago Sun-Times

Budget a ‘fundamental reform’ of public finances, Irish finance minister says

The Government insists the 14 billion euro budget package revealed on Tuesday balances current needs with the future wellbeing of the economy.

The Independent UK

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The Hindu

Net direct tax collections up 21.8% to ₹9.57 lakh crore

India's direct tax collections rose 21.8%, surpassing over half of Budget estimates. Refunds of up to ₹5,000 not restricted. Tax demands from past being raised, some due to tech shift. 7.27 cr returns filed, 7.15 cr verified. Gross collections up 18%, PIT revenues 29.5%. Net revenues 31.85%.

The Independent UK

Three 150-euro energy credits and mortgage income relief planned for Budget 2024

The government has signalled it will spend cautiously – despite expecting a surplus of 10 billion euro this year.

The Hindu

State’s total revenue receipts increased marginally in 2023-24

TN's revenue receipts up 5.47% to ₹92,967.33 cr till Aug. SOTR increased to ₹59,616.01 cr, revenue deficit at ₹17,614.98 cr. Assembly session to commence on Monday, with focus on Kalaignar Mahalir Urimai Thittam & borrowings of ₹18,000 cr in Q3.

The Hindu

Calls grow louder for Angamaly-Balaramapuram parallel rail line

Federation of Sabari Railway Action Council urges State govt. to extend Angamaly-Sabarimala rail line from Erumely to Balaramapuram, Thiruvananthapuram. New line to link industrial & tourism hubs, transport 850 truckloads of goods daily & bring tourist destinations on rail map. Railways have done feasibility survey for extension. ₹100 cr allocated…

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Evening Standard

A year after the mini-Budget ‘doom loop’, UK gilts look a lot less stressed

City Voices: Rather than a huge shift to de-risk by locking in the higher yields on offer this year, LDI schemes have been more focused on getting their houses in order

InnovationAus

NSW gets a minister for domestic manufacturing and procurement

New South Wales Premier Chris Minns has created a new portfolio within his government to drive a domestic manufacturing boost in the state by redirecting procurement dollars towards local opportunities. The portfolio of Domestic Manufacturing and Government Procurement will be led by Finance minister Courney Houssos, who last week handed…

Newsroom.co.nz

Fiscal plans fly as overseas voting opens

The Labour Party has released its fiscal plan showing how its election promises and the ongoing cost pressures in the public sector would fit within Budget allowances.

The Independent UK

Study finds free childcare reform has ‘little benefit’ to poorer families

The Institute for Fiscal Studies said the measures announced in the Budget fail to prioritise inequalities in children’s development.

The Independent UK

Tax cuts ‘virtually impossible’, says Jeremy Hunt in major blow for Tory right

Chancellor insists he still faces ‘very difficult decisions’ at Budget despite better economic news

InnovationAus

NSW govt cuts innovation grants, trims others

handful of industry and innovation grant programs put on hold by the New South Wales government earlier this year are set to restart with reduced funding in the wake of this week’s state Budget. The popular MVP Ventures Program is among the grant programs to have been saved from the…

Roll Call

Balanced-budget plan unveiled by House Republicans - Roll Call

House Republicans released a long-delayed budget blueprint Tuesday that promises to bring the federal budget into balance over a decade.

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