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The Latest Breaking News from Budget

Tesco among retailers to warn job losses ‘inevitable’ after Labour Budget tax hikes

THE UK's biggest retailers have warned the Chancellor that jobs will be cut and prices will have to rise as they face a more-than-£7 billion hit…

The National (Scotland)

Britain’s biggest retailers say job losses ‘inevitable’ after Budget tax hikes

More than 70 businesses, including Tesco, Asda and Sainsbury’s, have raised their concerns in a letter to Rachel Reeves.

Evening Standard

Farmer predicts serious food shortages: ‘I won’t be selling any beef or lamb this week’

A farmer predicted "big problems with food shortages" following Labour's changes to inheritance tax announced in the Budget.

The Independent UK

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Company failures will stay high amid surge in wage bills, warns Begbies

Begbies Traynor revealed its own hit from the move to increase national insurance contributions, pencilling in a £1.25 million impact from next April.

The Independent UK

Starmer: Funding arrangements to be set by the end of the year

The Prime Minister said that tough decisions were taken in the Budget ‘in order to stabilise the economy’.

Evening Standard

SNP need to ‘move mountains’ for Lib Dems to back Scottish Budget

SCOTTISH Liberal Democrat leader Alex Cole-Hamilton will warn SNP ministers they will “have to move mountains” to persuade his party to back…

The National (Scotland)

UK economy under Labour stalls - what that means for you and your money

Labour is facing a headache with its dependency on a growing economy to gather more tax

The Independent UK

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Rachel Reeves fightback to woo the City: I’ll ease banking regulations

Chancellor pledges to lift banking regulations to boost growth as she launches fightback against criticism of her Budget

The Independent UK

OPINION - Rachel Johnson: what the fears of my hairdresser tell us about Rachel Reeves's total disaster of a Budget

Yesterday afternoon, I walked to Hair EQ up in Notting Hill Gate, where Tareq has tamed the mane for many years, for a blow-dry before an event at the National Gallery then another thing ie the launch of the Friends of Afghan Women Network (FAWN) in the House of Commons,…

Evening Standard

Job losses and price hikes inevitable, warn UK’s biggest firms in stark message to Rachel Reeves over Budget

The bosses of some of the UK’s biggest firms have accused the government of failing to engage with them ahead of the Budget, while a survey of business chiefs finds two thirds believe it will make Britain a less attractive country to investors

The Independent UK

Reeves wants pension ‘megafunds’ to boost growth as Budget backlash continues

Chancellor Rachel Reeves said ‘we’re going for growth’ after the difficult decisions in the Budget.

Evening Standard

UK firms ready to kick-start plans put on hold ahead of the Budget – report

A new study from Barclays revealed that 61% of companies surveyed feel confident in the UK economic outlook despite ongoing challenges.

Evening Standard

Parents face higher nursery fees due to national insurance hike, charity warns

Two in five senior staff in childcare settings have said changes in the Budget could lead to permanent closures unless the Government takes action.

Evening Standard

Policies are being ‘Taylor-ed Swift-ly’ under Labour, Tory peer tells Lords

As members of the upper chamber debated the Chancellor’s Budget, Lord Dobbs suggested some workers are ‘luckier than others’.

Evening Standard

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The National (Scotland)

SNP could strike ferry deal with LibDems in bid to pass Budget

THE SNP are “in talks” over a deal with the LibDems in a bid to pass the Budget ...

Evening Standard

High street firms face ‘terrible choices’ after Budget tax rises

It came amid reports that Tesco is the latest high street giant to face a huge increase in its national insurance bill.

Evening Standard

Rachel Reeves warned that the Budget is a 'death sentence' for many bars, pubs and clubs

The NTIA found that around three quarters of venues expect additional annual costs of at least £30,000

Evening Standard

Farmers threaten to block 'ports and disrupt food supply' in protest against inheritance tax raid

Farmers have threatened to blockade ports and disrupt food supply in protest against Chancellor Rachel Reeves’ Budget inheritance tax changes.

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The Independent UK

Tesco faces £1bn national insurance hike amid price rise fears

Industry bosses have warned of soaring costs and job losses in the wake of Labour’s maiden budget

The Independent UK

Farmers plan splinter rally over Budget amid concern NFU event too small

The NFU said there were ‘legal issues’ preventing its members turning up in large numbers on the streets of Westminster.

The Independent UK

Bank of England cuts interest rates to 4.75% – but mortgages still set to rise

But experts forecast Rachel Reeves’s first Budget will drive up inflation over next two years

Evening Standard

BT reveals prices will be reviewed under efforts to offset £100m Budget blow

The group joins the likes of Sainsbury’s, Marks & Spencer and Primark owner Associated British Foods in revealing soaring costs from Budget measures.

The Independent UK

Sainsbury’s boss: Budget-hit businesses will mean higher inflation for shoppers

Britain’s second-largest supermarket firm said changes to national insurance rules will add £140m to its costs

Evening Standard

Sainsbury’s boss: Barrage of costs from Budget will lead to higher inflation

The UK’s second largest supermarket firm said changes to national insurance rules will lead to a £140 million cost increase.

Evening Standard

Average UK house price hit record high in October, says Halifax

The average house price surpassed a previous peak in June 2022 during the ‘race for space’.

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