The Latest Breaking News from Budget

The Work and Pensions Secretary said Rachel Reeves ‘shouldn’t do the job alone’ as he called for ‘collective responsibility’ from all ministers.

THE INDEPENDENT VIEW: Editorial: The chancellor is entitled to point out that her Tory predecessors are partly responsible, but she cannot avoid the consequences of her own decisions

The White House Budget Office is asking federal agencies to prepare their employees for mass layoffs in anticipation of an upcoming government shutdown. The threat, which is believed to have directly come from President Donald Trump, is in response to Congress’s inability to reach a consensus on the Budget. 

THE First Minister has refuted reports that he will enter into negotiations with Reform UK to pass the Scottish Budget.

The chancellor is facing mounting pressure to hike income tax amid an expectation that £30bn worth of tax rises will be needed in the Budget

The Institute for Government said Labour’s ‘unrealistic’ approach to tax has left the Chancellor reaching for ‘piecemeal changes’.

THE INDEPENDENT VIEW: Editorial: A dour economic forecast has left the beleaguered chancellor grasping for fiscal breathing space in her make-or-break Budget

Labour chancellor also facing calls to raise levies on lawyers, sugar, salt and longhaul flights in the Budget

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The Office for National Statistics data showed Government borrowing hit £18 billion last month, marking the highest August borrowing for five years.

Treasury officials are anticipating that the blackhole in the UK’s finances could amount to £30billion