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The Latest Breaking News from Budget

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

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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

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

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

Evening Standard

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

Several mortgage lenders have launched new rates this week

The Independent UK

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Bank of England makes big interest rate decision ahead of Budget

IN FULL

The Independent UK

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

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.

Evening Standard

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

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

The Independent UK

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

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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.

The Independent UK

Gordon Brown to issue warning on ‘shameful epidemic’ of child poverty in Britain

The ex-Labour leader will also call for Rachel Reeves to raise taxes on gambling firms to cover the cost of lifting the two-child benefit cap

Evening Standard

Monsoon boss: Rates reform is the key to unlocking high street investment

Christmas is coming - but so is the Budget and retailers are feeling tense

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Evening Standard

Budget tax hikes should be coupled with major reform, Osborne says

Tory ex-chancellor George Osborne conceded large reforms to the tax system can be difficult politically as he pointed to his 2012 ‘pasty tax’ budget.

The Independent UK

George Osborne issues stark warning to Reeves over tax hikes

The former chancellor described the government as ‘constrained by its promise’ after Labour’s general election manifesto pledged to not increase VAT, national insurance or income tax

The Independent UK

Minister doubles down on Reeves’ doom warning: ‘We will do what’s right for the future of our economy’

While the education secretary insisted the government takes its manifesto pledges seriously, she said there are ‘major problems’ plaguing the economy

Evening Standard

Barratt Redrow sells more homes despite ‘challenging’ market

The UK’s biggest housebuilder called on the Government to support first-time buyers as it updated investors on its recent trading.

The Guardian - UK

Met police issue statement with more information about missing Algerian prisoner – as it happened

Police say Brahim Kaddour-Cherif is believed to have links to Tower Hamlets and is also known to frequent the Westminster area

The Guardian - AU

Canada budget adds tens of billions to deficit as Carney spends to dampen Trump tariffs effect

Budget envisions significant increase in defence spending, cuts to civil service and ‘generational investments’

International Business Times UK

FTSE 100 on the Brink: Autumn Budget Could Cut Short Its Stunning Rally

The FTSE 100 has enjoyed a stellar 2025, but the upcoming Autumn Budget could threaten its impressive gains and alter its trajectory for the year.

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