The Latest Breaking News from Budget

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.

A shake-up of the UK’s generous pension tax allowances has been feared for several years as chancellors search for ways to raise money without further indebting the country or raising income tax

Senior ministers are pushing back against cuts as Rachel Reeves finalises her first Budget as chancellor

THE INDEPENDENT DEBATE: As ministers offer conflicting views on whether high earners, landlords, and those with investment income should be included in the group protected from tax increases in Labour’s Budget, we want to know how you would define ‘working people’

Sir Keir Starmer said his three priorities were making people better off, ensuring the NHS is fit for the future and rebuilding the country.

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."