The Latest Breaking News from Budget

Reports that pensioners could have tax breaks cut or axed have led to savers withdrawing chunks of their retirement pots ahead of the chancellor’s announcement

The investment platform said it has seen changes in tax-free cash withdrawals as well as contributions to pensions ahead of the October 30 Budget.

Increases in National Insurance for employers, inheritance tax, capital gains tax and stamp duty are expected in the Budget on October 30

The government is expected to make an announcement around the time of the Budget

The pledge was made after the cuts to the winter fuel payments for most pensioners

Chancellor announces biggest raft of tax hikes in any budget since 1993

LABOUR have been warned their plans to cut billions from government budgets are “Liz Truss levels of economic vandalism”.

In early August 1979,  Peter Cropper, a special advisor to newly-installed chancellor of the exchequer, Geoffrey Howe, sent a memo to colleagues. They should, he warned them, "stop being so downbeat. The world economy may be gloomy but there's absolutely no need for us to be gloomy."  

MORE than 60,000 people have now signed a petition calling on the Chancellor to “protect older people” in the upcoming Budget...