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The Latest Breaking News from Budget

Mansion wealth tax wouldn’t fill Budget black hole, economists warn Reeves

Former IFS director Paul Johnson says a mansion tax ‘wouldn’t raise anywhere near enough to fill a significant hole’ in the public finances

The Independent UK

No Pip eligibility changes at next month’s Budget, says minister

Sir Stephen Timms took a question about the Motability scheme, which personal independence payment claimants can use to lease a new vehicle.

The Independent UK

Job vacancies fall to lowest level in 2025 as Reeves urged to deliver a ‘pro-jobs Budget’

Consultancy, press relations and marketing are among the sectors showing a sharp drop in roles

The Independent UK

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Mansion tax idea is incoherent, former Bank of England boss warns Reeves

Ex Bank governor Mervyn King says problems will not be resolved by ‘just adding another wealth tax’

The Independent UK

Reeves signals tax rises being considered at Budget during Saudi Arabia visit

In an indication some form of tax rises could be on the table, the Chancellor suggested the Government needed to ensure its fiscal rules are met.

Evening Standard

Rachel Reeves hints at tax rises in Budget as she heads to Riyadh in search of trade deal

The chancellor is widely expected to use the Budget to increase taxes once again, with the Institute for Fiscal Studies estimating she needs to find £22bn via tax rises or spending cuts to meet her self-imposed fiscal rule

The Independent UK

UK Supermarkets Warn Rachel Reeves: Tax Hike Would Bring 'Inevitable' Blow to Food Prices

UK leading supermarket chains have urged Chancellor Rachel Reeves to scrap a planned business rates surtax, warning it would drive up food prices and hit household budgets.

International Business Times UK

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NHS needs extra £3bn, health bosses warn ahead of Rachel Reeves’ Budget

Warning comes as resident doctors are due to strike for five days in November

The Independent UK

Rachel Reeves heads to Saudi Arabia on trade deal mission as Autumn Budget looms

Trip comes amid speculation Ms Reeves could impose tax hikes in upcoming Budget

The Independent UK

Furious battle over Budget inside government as Starmer urged to stop mansion tax plan

Rachel Reeves is said to be seriously considering a mansion tax to fill an estimated £40 billion budget black hole and appease the left of the Labour Party

The Independent UK

Reeves heads into Budget with public finances in challenging state – Streeting

Health Secretary Wes Streeting said the economy was not ‘out of the woods yet’ ahead of Rachel Reeves’ November 26 Budget.

Evening Standard

UK supermarket giants join up to warn business rates rise could push up costs

The plans are set to be confirmed in next month’s autumn Budget statement

The Independent UK

London's spirit distilleries being 'crushed' by Government hikes in alcohol duty, Chancellor warned

In anticipation of the upcoming budget, the distillers call duty rises ‘crushing’

Evening Standard

Chancellor declines to rule out income tax hike – reports

Raising the basic rate of income tax by 1p could raise around £8 billion, but would break a clear manifesto pledge.

Evening Standard

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The Independent UK

How could inheritance tax change at the Budget?

The chancellor is reportedly considering a number of tweaks to inheritance after last years’ reforms

Evening Standard

Foxtons warns of sharp slowdown in London property market ahead of Autumn Budget

Shares slump as estate agency says profits will be below expectations because of the shortfall in sales revenues

Evening Standard

Holidays will cost more if taxes are hiked in Budget, say travel bosses

Rachel Reeves has acknowledged she is looking at potential tax rises and spending cuts in her Budget on November 26.

Evening Standard

Reeves: Welfare cannot be left ‘untouched’ in Budget

An attempt to push through cuts to benefits earlier this year led to an embarrassing last-minute U-turn for the Government.

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Evening Standard

Labour tax pledge stands, says No 10, as Reeves rolls pitch for hikes on wealthy

The Chancellor has acknowledged she is looking at potential tax rises and spending cuts at her November 26 Budget.

Evening Standard

Chancellor facing further Budget challenges after muted economic growth

The ONS said GDP rose by 0.1% in August and fell by 0.1% in July, in a revision to the previous estimate for no growth.

Evening Standard

UK stuck in slow lane ahead of Budget with 'meagre' 0.1% GDP growth in August

Latest GDP figures just over come a month ahead of Autumn Budget

The Independent UK

Higher taxes for the wealthy will be ‘part of the story’, says Reeves ahead of Budget

The chancellor has confirmed that tax rises for the wealthy will be ‘part of the story’ as she seeks to fill a £50m financial blackhole

Evening Standard

Reeves suggests higher taxes on wealthy will be in Budget

The Chancellor said the economy is still suffering from the impacts of leaving the European Union, austerity policies and Liz Truss’s mini-budget.

The Independent UK

Reeves admits she’s looking at tax rises and spending cuts in Budget

The chancellor blamed Brexit for the move, saying it has had a ‘severe’ impact on the public finances

Evening Standard

Consumer caution ahead of Budget drives drop in footfall – BRC

Total UK footfall was down by 1.8% in September compared to a year earlier, according to BRC-Sensormatic data.

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