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The Latest Breaking News from Budget

Take some green levies, not VAT, off bills to cut energy costs, Treasury urged

A package of measures could take £178 a year off bills and more than three times that amount for households renting draughty homes, think tank says.

Evening Standard

Just one in five voters approve of Reeves breaking manifesto tax pledge at Budget, new poll shows

Exclusive: The government must provide a positive vision for change if it wants to win the public’s backing for breaking promises on tax rises

The Independent UK

Labour deputy leader’s views on party policy are ‘irritating’, says Labour peer

Thangam Debbonaire accused Lucy Powell of ‘giving a running commentary and undermining’ the government

The Independent UK

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Average UK house price jumped to new record high in October

October saw the biggest monthly rise in UK house prices since January this year, the bank said.

Evening Standard

Average UK house price jumped to new record high in October, says Halifax

October saw the biggest monthly rise in UK house prices since January this year, the bank said.

The Independent UK

Keir Starmer hit by bitter Cabinet infighting over Lammy’s handling of jail crisis and Labour revolt on tax

Labour’s new deputy leader Lucy Powell says the Government ‘should be following through’ on its manifesto pledge on not raising key taxes

Evening Standard

Headache for Starmer as splits erupt over tax hikes and minister breaks rules

Labour’s new deputy leader Lucy Powell said the Government ‘should be following through’ on its manifesto pledge on not raising key taxes.

The Independent UK

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Why Rachel Reeves could impose pay-per-mile tax on electric vehicles in Budget

POLITICS EXPLAINED: Fuel duty on petrol vehicles has been frozen for so long that the Treasury has set its sights on electric cars instead, as Sean O’Grady explains

The Independent UK

Labour’s new deputy leader warns Rachel Reeves not to break manifesto pledge and raise taxes

Keir Starmer’s new deputy, who replaced Angela Rayner, also demanded urgent action on the controversial two child benefit cap in the Budget

The Independent UK

Labour must stick to manifesto pledge not to raise key taxes, Lucy Powell says

The new deputy leader’s intervention could cause a headache for Chancellor Rachel Reeves, who has rolled the pitch for higher taxes at her Budget.

The Independent UK

FTSE 100 slips amid Bank of England rate hold and fresh US falls

The FTSE 100 Index closed down 41.30 points at 9,735.78.

Evening Standard

Interest rates held at 4% but ‘door open’ for a post-Budget cut

The central bank’s Monetary Policy Committee opted to keep the rates the same at the final meeting before the autumn Budget.

Evening Standard

Voices: ‘The books cannot be balanced by Doge-style cuts’: Readers debate how to tackle taxes in upcoming Budget

THE INDEPENDENT DEBATE: Our community agreed that, while no one likes paying higher taxes, honesty, fairness, and careful planning are crucial if Rachel Reeves is to navigate the UK’s financial challenges without compromising public services

The Independent UK

Education spending plans will struggle to narrow gaps in outcomes – report

The Institute for Government has warned the Government’s budget falls short of matching its ambitions for schools.

Evening Standard

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Evening Standard

Some ‘good news’ for mortgage borrowers despite base rate left on hold

Several lenders have been cutting their mortgage rates in recent days.

The Independent UK

Some ‘good news’ for mortgage borrowers despite base rate being maintained

Several mortgage lenders have launched new rates this week

The Independent UK

Bank of England makes big interest rate decision ahead of Budget

IN FULL

Evening Standard

Bank of England leaves interest rates on hold at 4% and says inflation "has peaked"

The next cut in the cost of borrowing is now expected in December just before Christmas

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The Independent UK

Budget tax hikes could see food prices soar, major supermarket boss warns

Sainsbury’s CEO Simon Roberts says shoppers are being ‘cautious’ ahead of the announcement later this month

Evening Standard

Sainsbury’s boss warns Budget tax hikes could send food prices higher

Chief executive Simon Roberts said the sector has already been hit with higher taxes and costs which have fuelled inflation.

The Independent UK

Electric car drivers could face new pay-per-mile tax under Treasury plans

Chancellor Rachel Reeves could be set to announce new EV levy that would cost average EV driver £279 a year

The Independent UK

Reeves accused of treating drivers ‘like a cash machine’ amid reports of pay-per-mile tax on electric vehicles

The Treasury is facing a fall in revenue from fuel duty as more people make the switch from petrol and diesel to electric cars

Evening Standard

Child poverty biggest threat to UK’s long-term economic future – Gordon Brown

Mr Brown is expected to call for a ‘new coalition of compassion for children that will create a chain of hope for children right across our country’.

Evening Standard

Rachel Reeves warned not to rely on business taxes to fill Budget black hole

The Confederation of British Industry said the Government ‘cannot pull the business tax lever once again to balance the books’.

Evening Standard

Reeves urged to examine ‘legality’ of Shell-Equinor deal to create new company

Campaigners opposed to the Rosebank oil field, of which Equinor is a majority shareholder, are amongst those raising concerns with the Chancellor.

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