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The Latest Breaking News from Budget

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.

Evening Standard

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…

The National (Scotland)

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.

Evening Standard

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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 Independent UK

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.

The National (Scotland)

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 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

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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.

Evening Standard

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

The Independent UK

‘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.

Evening Standard

FTSE 100 Live 31 October: Budget fears hit housebuilding and retail stocks, Shell beats forecasts

Housebuilding and retail stocks have fallen sharply amid the fallout from yesterday’s tax-raising Budget.

Evening Standard

Papers react to Labour’s Budget ‘gamble’

There was a mix of optimism and pessimism with the national papers’ views on Rachel Reeves’s Budget.

Evening Standard

What the papers say – October 31

The response to the Budget is making the headlines on Halloween.

Evening Standard

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Evening Standard

Reeves to face scrutiny over Budget that raises taxes, borrowing and spending

The overall tax burden will reach a record 38.3% of gross domestic product (GDP) in 2027-28.

Evening Standard

OPINION - Rachel Reeves's Budget ignored London — that may prove a costly mistake

This was a Budget written in London, delivered in London, but almost totally ignored the region that drives the British economy. Rachel Reeves made only one mention of London — about par by recent standards — in her 77-minute speech, compared with five references to Manchester and Scotland, three to…

Evening Standard

Fact check: Budget 2024 claims about National Insurance, bus fares and growth

Round up of fact checks about the Autumn Budget 2024, compiled by Full Fact.

Evening Standard

‘Tough Budget for business,’ say representative groups

They have contended the measures announced by the Chancellor will increase the employer cost base.

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The Independent UK

Nigel Farage ‘thrilled’ to save ‘over £1 a week’ on beer after Budget

The Reform UK leader said Rachel Reeves had become ‘fund manager of the nation’ after Wednesday’s Budget.

The Independent UK

Historical benchmarks and milestones in Rachel Reeves’ first Budget

Government investment is forecast to reach the highest sustained level since the 1970s.

Evening Standard

Chancellor: Budget gives Holyrood its largest ever real-terms funding settlement

Rachel Reeves said the Scottish Government will receive an additional £3.4 billion in 2025-26 due to her tax and spending decisions.

The Independent UK

Rachel Reeves delivers Budget message to ‘girls and women’ as UK’s first female chancellor

Rachel Reeves delivered a powerful message to “girls and women” as she became the first female chancellor to deliver the UK Budget on Wednesday (30 October).

Evening Standard

At a glance: the key points from the Budget

Rachel Reeves set out £40 billion of tax rises along with major spending commitments as she sought to set the tone for Labour’s term in office.

The Independent UK

Voices: A strong performance, chancellor – but you can’t afford another Budget like this

COMMENT: Thanks to some nifty sleights of hand, the chancellor was able to declare that she had not broken any electoral pledges. But will Rachel Reeves’s spending plans revive the government’s floundering fortunes, asks Andrew Grice

Evening Standard

Chancellor allocates ‘increase in funding’ for BBC World Service in Budget

A BBC statement said the broadcaster ‘welcomed the funding’.

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