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The Latest Breaking News from Budget

Retailers suffer ‘disappointing’ October amid pre-Budget jitters

Total UK retail sales were up 0.6% year-on-year last month against a 2.6% increase last October, according to the BRC-KPMG Retail Sales Monitor.

Evening Standard

Starmer warned over ‘militant’ backlash by farmers over inheritance ‘tractor tax’

Farmers are getting increasingly angry about the controversial plan to impose inheritance tax on many family farms as an MP warns that it will add to a severe mental health crisis in the sector

The Independent UK

John Curtice delivers verdict as poll shows drop in Labour's support in Scotland

POLLING expert Sir John Curtice has delivered his verdict on a new poll which showed Labour’s drop in support in Scotland since the Budget...

The National (Scotland)

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Keir Starmer hits back at business tycoon Sir James Dyson attack on Budget as 'spiteful'

The Government insists its fiscal plans will boost economic growth

Evening Standard

James Dyson condemns Rachel Reeves’s Budget ‘tractor tax’ as ‘spiteful’

The businessman said the decision to tighten inheritance tax relief on business property is an ‘ignorant swipe at aspiration’

The Independent UK

Support for Scottish Labour plunges as voters fear Budget will leave them worse off

LABOUR’S support in Scotland has plunged after the Budget, with voters worried that Rachel Reeves’s tax hikes will make them worse off,…

The National (Scotland)

Chancellor: I was ‘wrong’ on taxes during election

Rachel Reeves said she had been ‘wrong’ because she did not ‘know everything’ about the state of the public finances.

Evening Standard

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Treasury must fully fund public sector tax increase, insists Robison

Chancellor Rachel Reeves’s Budget included a hike in employers’ national insurance contributions.

Evening Standard

Voices: Young people who make it big have won life’s lottery

COMMENT: Labour’s Budget was billed as a bonanza for Gen Z, but it won’t be enough to get you on Heat magazine’s wealthiest 30-under-30 list, says Olivia Petter

The Independent UK

Budget tax hikes will be ‘devastating’ for charities, body warns

The National Council for Voluntary Organisations said charities across the UK will be forced to make ‘difficult choices’.

Evening Standard

Tension, anger and frustration ‘so tangible’ among farmers after Budget – NFU

Britain’s farmers and growers will take part in a mass lobby of their MPs later this month.

Evening Standard

Ryanair to cut UK flights by 10% as boss calls Budget air tax rise ‘idiotic’

Chief executive Michael O’Leary said a planned rise in air passenger duty would make air travel ‘much more expensive’.

Evening Standard

Ryanair to cut flights by 10% from major UK airports as boss calls Budget air tax rise ‘idiotic’

Chief executive Michael O’Leary said a planned rise in air passenger duty would make air travel ‘much more expensive’.

The Independent UK

Scottish councils call for 'fair share' of additional funding from UK Budget

SCOTLAND’S councils have written to the UK and Scottish governments calling for their “fair share” of the extra funding announced in the…

The National (Scotland)

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The Independent UK

We’ve all got Liz Truss PTSD, says minister as he defends market reaction to Budget

Treasury minister says situation after Truss’ mini-Budget ‘completely different in contrast to now’

Evening Standard

S&P and Moody’s warn of fresh constraints to public finances after Budget

The ratings agencies were responding to Chancellor Rachel Reeves’s plan to lift borrowing and change the UK’s fiscal rules to allow it.

Evening Standard

Warnings on GP surgery redundancies and care home closures amid Budget tax hike

There have also been concerns about the impact on GP surgeries, with one practice manager suggesting it could cost his practice about £40,000 a year.

Evening Standard

Budget market reaction ‘very different’ from Liz Truss turmoil, minister insists

Treasury minister Darren Jones suggested the UK had ‘PTSD’ from Liz Truss’s mini budget, amid jitters from markets.

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Evening Standard

Jittery markets hold their nerve on Budget £32b borrowing as minister reassures: We've all got PTSD from Truss

Chief Secretary to the Treasury Darren said on borrowing the Government does not ‘think that we are pushing it to the limit’

Evening Standard

Chancellor seeks to calm markets amid jitters after Budget borrowing spree

The Budget increased state spending by almost £70 billion per year funded by increased taxes and borrowing.

Evening Standard

Reeves admits NI hike could hit pay rises while markets react to borrowing spree

Chancellor Rachel Reeves insisted she had no alternative but to raise taxes in her first Budget.

The National (Scotland)

Is Scotland being short-changed on funding technicality in the Budget?

BUDGETS always throw up a host of questions that can’t be easily answered in time for paper deadlines or the Six O’Clock News – not least of…

Evening Standard

Government borrowing costs rise further after Budget

UK government bond yields jumped to a one-year high on Thursday after Labour announced a sharp increase in spending in the Budget.

The Independent UK

Watch: Starmer and Reeves speak after Labour’s £40bn tax-raising Budget

Watch as Sir Keir Starmer and Rachel Reeves deliver remarks during a visit to the West Midlands after the Budget announcement on Wednesday.

The National (Scotland)

Lower pay rises likely as result of Budget tax increases, Rachel Reeves admits

Tax rises in the Budget are likely to hit workers in the pocket with lower pay rises, Rachel Reeves has admitted.

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