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The Latest Breaking News from Budget

Voices: ‘Tax the wealthy, not the workers’: Readers divided on how Reeves should tackle £20bn Budget blackhole

YOUR VIEWS: Our community is divided over reports Rachel Reeves’ is set to hike income tax by 2p, with some supporting higher taxes on the wealthy as fair and necessary, while others warn it could harm low-income earners, pensioners, and overall economic growth

The Independent UK

Rachel Reeves ‘considering 2p increase to income tax’

The chancellor is facing the prospect of increasing taxes on 26 November as she looks to balance the books

The Independent UK

Kemi Badenoch calls for Rachel Reeves to get the sack if she raises taxes

The Tory leader will demand that the chancellor ‘get the axe if she puts up tax’

The Independent UK

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Kemi Badenoch calls for Chancellor to ‘get the axe’ if she raises tax at Budget

Sir Keir Starmer declined to rule out tax rises when questioned about the subject at Prime Minister’s Questions.

Evening Standard

Starmer declines to rule out manifesto-busting tax rises in Budget

The Prime Minister refused to repeat Labour’s manifesto pledge on tax.

Evening Standard

Income tax rise only way to plug extra £20bn in Budget black hole, economists warn Reeves

Economists say trying to balance the books by raising smaller taxes risks ‘unnecessary amounts of economic damage’

The Independent UK

Rachel Reeves faces new £20bn Budget blackhole

A downgrade in the productivity figures could leave Reeves with a bigger fiscal gap

The Independent UK

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Another business bashing Budget from Reeves will kill City green shoots

The Chancellor must focus on attracting investment, which can only be achieved if sentiment is positive

Evening Standard

Mansion wealth tax wouldn’t fill Budget black hole, economists warn Reeves

Former IFS director Paul Johnson says a mansion tax ‘wouldn’t raise anywhere near enough to fill a significant hole’ in the public finances

The Independent UK

No Pip eligibility changes at next month’s Budget, says minister

Sir Stephen Timms took a question about the Motability scheme, which personal independence payment claimants can use to lease a new vehicle.

The Independent UK

Job vacancies fall to lowest level in 2025 as Reeves urged to deliver a ‘pro-jobs Budget’

Consultancy, press relations and marketing are among the sectors showing a sharp drop in roles

The Independent UK

Mansion tax idea is incoherent, former Bank of England boss warns Reeves

Ex Bank governor Mervyn King says problems will not be resolved by ‘just adding another wealth tax’

The Independent UK

Reeves signals tax rises being considered at Budget during Saudi Arabia visit

In an indication some form of tax rises could be on the table, the Chancellor suggested the Government needed to ensure its fiscal rules are met.

Evening Standard

Rachel Reeves hints at tax rises in Budget as she heads to Riyadh in search of trade deal

The chancellor is widely expected to use the Budget to increase taxes once again, with the Institute for Fiscal Studies estimating she needs to find £22bn via tax rises or spending cuts to meet her self-imposed fiscal rule

The Independent UK

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International Business Times UK

UK Supermarkets Warn Rachel Reeves: Tax Hike Would Bring 'Inevitable' Blow to Food Prices

UK leading supermarket chains have urged Chancellor Rachel Reeves to scrap a planned business rates surtax, warning it would drive up food prices and hit household budgets.

The Independent UK

NHS needs extra £3bn, health bosses warn ahead of Rachel Reeves’ Budget

Warning comes as resident doctors are due to strike for five days in November

The Independent UK

Rachel Reeves heads to Saudi Arabia on trade deal mission as Autumn Budget looms

Trip comes amid speculation Ms Reeves could impose tax hikes in upcoming Budget

The Independent UK

Furious battle over Budget inside government as Starmer urged to stop mansion tax plan

Rachel Reeves is said to be seriously considering a mansion tax to fill an estimated £40 billion budget black hole and appease the left of the Labour Party

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Evening Standard

Reeves heads into Budget with public finances in challenging state – Streeting

Health Secretary Wes Streeting said the economy was not ‘out of the woods yet’ ahead of Rachel Reeves’ November 26 Budget.

The Independent UK

UK supermarket giants join up to warn business rates rise could push up costs

The plans are set to be confirmed in next month’s autumn Budget statement

Evening Standard

London's spirit distilleries being 'crushed' by Government hikes in alcohol duty, Chancellor warned

In anticipation of the upcoming budget, the distillers call duty rises ‘crushing’

Evening Standard

Chancellor declines to rule out income tax hike – reports

Raising the basic rate of income tax by 1p could raise around £8 billion, but would break a clear manifesto pledge.

The Independent UK

How could inheritance tax change at the Budget?

The chancellor is reportedly considering a number of tweaks to inheritance after last years’ reforms

Evening Standard

Foxtons warns of sharp slowdown in London property market ahead of Autumn Budget

Shares slump as estate agency says profits will be below expectations because of the shortfall in sales revenues

Evening Standard

Holidays will cost more if taxes are hiked in Budget, say travel bosses

Rachel Reeves has acknowledged she is looking at potential tax rises and spending cuts in her Budget on November 26.

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