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The Latest Breaking News from Budget

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

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

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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

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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)

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’

The Independent UK

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.

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

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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.

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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.

Evening Standard

Budget 2025: London housing winners and losers

A bland budget for some and toxic unintended consequences for others – but what does Rachel Reeves’ first fiscal statement mean for you?

Evening Standard

Lower pay rises likely due to Budget tax rises, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could impact wage growth for workers.

The Independent UK

Lower pay rises likely due to Budget tax increases, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could affect wage growth for workers.

The Independent UK

UK politics live: Budget means weekly pay to rise just £13 in 20 years as IFS calls Reeves’s plans ‘unrealistic’

The Resolution Foundation has warned that the pay outlook is “dire” and many UK workers will not feel any better off by the end of this Parliament

The Independent UK

Taxes will have to rise further despite Reeves’ £40bn tax grab, IFS director warns

Rachel Reeves has hit back at criticism of her Budget after the chancellor received backing from the International Monetary

Evening Standard

‘Budget not something I want to repeat ever again’ – Reeves

The Chancellor defended her first fiscal announcement and said she does not want to repeat the £40 billion tax rises she implemented.

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