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The Latest Breaking News from Budget

Key economic data and trends that will shape Rachel Reeves’ Budget

Government borrowing for the current financial year is the highest on record outside the Covid-19 pandemic.

Evening Standard

After all the hype and confusion, Reeves’s Budget must deliver clarity, stability and direction

THE INDEPENDENT VIEW: Editorial: Britain deserves more than mixed messaging and policy drift. After weeks of premature proposals, the chancellor must deliver a Budget that provides the confidence and coherence so far lacking in both her stewardship and Labour’s broader economic direction

The Independent UK

Minister blames ‘shifting sands’ amid criticism of pre-Budget ‘fiscal fandango’

Transport Secretary Heidi Alexander declined to deny that the Chancellor is planning a pay-per-mile scheme for electric vehicles.

Evening Standard

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‘We are dreading what will come’: Inside the battle for Britain’s pubs as they brace for the Budget

After a bruising few years, the country’s pubs are preparing for the Budget and say they cannot afford more bad news, Dan Haygarth reports

The Independent UK

Rail fares freeze to save London commuters up to £350 in Reeves Budget cost-of-living giveaway

The Chancellor promised train passengers would “not pay a penny more” next year on season tickets, peak returns for commuters and off-peak returns between major cities

Evening Standard

Workers’ pensions expected to soak up costs if Reeves taxes salary sacrifice schemes

Reeves faces employer backlash over a rumoured raid on salary sacrifice schemes

The Independent UK

Reeves targets cost of living with rail fares freeze amid fears over Budget tax rises

The chancellor hopes measures to tackle the cost of living will offset anger over tax rises

The Independent UK

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Facing facts on property tax: Rachel Reeves’s Budget options as she hunts for billions

BUDGET 2025: With Labour’s Budget imminent, the chancellor faces a £22bn hole and a narrowing set of promises on tax. Property, long the quiet corner of the system, may finally be in her sights. Here Sean O’Grady and Albert Toth analyse the options available to Reeves

The Independent UK

Starmer refuses to rule out manifesto-busting tax rises in Budget

The Prime Minister declined to recommit to manifesto pledges on tax despite being asked 12 times during a broadcast interview

Evening Standard

Keir Starmer refuses to rule out manifesto-busting tax rises 12 times in TV interview

Labour prime minister came under pressure over Rachel Reeves’s upcoming Budget while on a trip to the G20 summit in South Africa

The Independent UK

Price cap: Why energy bills are going up when wholesale prices are down

Experts say the price cap increase adds to pressure on the Government

The Independent UK

Top member of Reeves’ Budget team previously backed plans to hit small businesses

Industry leaders say the government ‘would be out of its mind’ to adopt the proposals

The Independent UK

Any salary sacrifice clampdown ‘would hit pension savers, firms and economy’

Pensions UK and the Federation of Small Businesses have sent a joint letter to Chancellor Rachel Reeves, urging her not to change salary sacrifice.

Evening Standard

Why are energy bills going up when wholesale prices are down?

Here, the PA news agency looks at why the price cap is rising and what government measures experts think could be on the way.

Evening Standard

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Cycling Weekly

'Let the rich buy their own bikes' – Here's how you responded to a Cycle to Work spending cap proposal

Limit expected to be announced in the government's Autumn Budget next week

The Independent UK

Reeves facing fresh pressure to axe farm inheritance tax changes in Budget

The National Farmers’ Union said Ms Reeves ‘cannot keep taxing businesses into the ground’.

Evening Standard

Starmer to use G20 summit to shore up support for Ukraine and make deals

The Prime Minister is set to speak to Ukrainian president Volodymyr Zelensky alongside the German and French leaders about the US-backed peace plan.

Evening Standard

Household energy bills to edge up next year despite falling wholesale prices

Funding nuclear power projects and discounts to some households’ winter bills were driving the price cap change, the regulator said.

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The Independent UK

Two-thirds of Britons worried about affording the essentials this Christmas, poll reveals

Exclusive: Three-in-four Brits believe poverty in the UK is getting worse as Reeves prepares for crunch Budget

The Independent UK

I’m sick of people mansplaining how to be chancellor, says Rachel Reeves

The chancellor also admitted the government has ‘made a couple of unforced errors’ but insisted it is ‘fighting to win’

Evening Standard

FTSE 100 Live 21 November: Market sell-off continues, UK output below forecast

The last major economic releases before the Budget today added to pressure on Chancellor Rachel Reeves.

The Independent UK

Starmer to strike deals on trip to G20 summit shunned by Trump

South African President Cyril Ramaphosa on Thursday said discussions were taking place on a change of mind in the US.

Evening Standard

Burnham refuses to rule out challenging for Labour leadership

The mayor of Greater Manchester suggested questions over his leadership ambitions are part of the problem with Westminster culture.

Evening Standard

London homebuyers have paid almost £25billion in stamp duty in last decade

Successive Chancellors have ramped up stamp duty rates on more expensive homes

Evening Standard

Reeves set to back £1.7bn Docklands Light Railway extension in Budget

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