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The Latest Breaking News from Budget

Budget cost hikes drive 79% of hospitality firms to raise prices – trade bodies

Industry bosses warned that firms across the UK are being squeezed by ‘unsustainable’ taxes.

The Independent UK

Hospitality bosses urge government to lower taxes as ‘shocking’ data revealed

Industry bosses have shed light on the pressures being felt by hospitality operators

The Independent UK

Gaucho restaurants CEO issues stark warning to Reeves over tax hikes

More than 80,000 jobs in the sector have disappeared since April’s National Insurance Contributions rise

The Independent UK

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Reeves says rulings on tax must wait for Budget amid inheritance tax speculation

The Chancellor said that her priority was getting ‘our economy firing off all cylinders’.

Evening Standard

Voices: Is Keir Starmer just one crisis away from a Labour coup?

COMMENT: Party strategists are busy working out how to escape the chancellor’s doom loop of tax rises – and to crush damaging speculation about her boss’s ability to lead his party into the next general election. But the race to replace the PM may already have begun, says Andrew Grice

The Independent UK

Embattled Rachel Reeves urges public to be patient with Labour on rescuing economy

Labour chancellor has been warned of a £50bn black hole in the government’s finances and that inflation will see consumers hit with higher prices this winter

The Independent UK

Starmer dodges tax question ahead of autumn budget

IN FULL

The Independent UK

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Starmer opens door to income tax rise in autumn Budget as pressure to fill £50bn hole mounts

Labour prime minister pledged that plans to be set out in the autumn would make ‘sure people feel better off’

The Independent UK

Something has to give, chancellor – and that something is income tax

THE INDEPENDENT VIEW: Editorial: Rachel Reeves must use her autumn Budget to set aside manifesto commitments and put the public finances on a more sustainable footing. The most reliable and economically sound way is the most straightforward – and the most politically difficult

The Independent UK

Budget maneuvers expected to reduce NIH funding opportunities - Roll Call

NIH will be able to fund fewer research grants in fiscal 2026, even if Congress provides more funding, due to administration budget maneuvers.

Roll Call

The taxwoman cometh... with her sights set on London

More tax hikes seem inevitable in Rachel Reeves’s Budget — and the capital is likely to face the worst of them, writes Jonathan Prynn

Evening Standard

I've been testing Razer's new budget headset, but it's not enough to make me forget the Barracuda X Chroma

Razer's latest budget headset is finally here, but this brand-new model doesn't pull out enough punches to make me put down Razer's other low-cost cups.

GamesRadar

Schools and counties begin to see payment delays as Pennsylvania's budget stalemate hits a month

Democratic Gov. Josh Shapiro’s administration says billions of dollars in aid to Pennsylvania’s schools and human services will be delayed, as he and the politically divided Legislature struggle to end their month-long budget stalemate

The Independent UK

I've just anointed the Razer DeathAdder V4 Pro as our new best gaming mouse because... well, it's simply better than the rest in almost every conceivable way

Oh, you'd like to know more? Well *cracks fingers*, let me count the ways.

PC Gamer

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The Independent UK

Voices: There won’t be a wealth tax – but Rachel Reeves can’t afford to rule it out just yet

INSIDE WESTMINSTER: A war is raging within government circles about the wisdom of placing a levy on individual assets, a measure that the chancellor rejects as anti-growth – but she can’t yet risk angering Labour backbenchers who remain in a mutinous mood, says Andrew Grice

The Independent UK

Brexit has left City of London’s reputation at risk, Goldman Sachs chief warns

David Solomon warned Goldman Sachs is turning its attention towards the continent

Evening Standard

Budget tax hikes even more likely after huge jump in June borrowing

Last month’s figures only exceeded in June 2020 at the peak of the pandemic

Euronews

EU budget: Parliament revolts against Commission proposal

The EU budget Commissioner’s presentation was poorly received by MEPs: “Negotiations start on the wrong foot”, says rapporteur.

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news in one place.

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The Independent UK

Voices: The ghost at the feast haunting Rachel Reeves’s bombshell speech to the City

COMMENT : Whisper it: What about wealth tax, chancellor, asks Andrew Grice

The Independent UK

Labour leaves the door open to higher taxes in Budget

IN FULL

The National (Scotland)

Wealth tax speculation as Labour minister says taxes won't rise for 'modest incomes'

A LABOUR minister refused to rule out tax rises in the Budget and claimed the Government will be guided by “fairness”

The Independent UK

Trump’s ‘Big Beautiful Bill’ is estimated to leave millions without health care. He insists ‘it’s not going to cause death’

About 11.8 million people are at risk of losing their health insurance, according to the Congressional Budget Office

Evening Standard

A wealth tax which would hit London hard is up to Chancellor Rachel Reeves, says minister

The Government is not ruling out new tax rises after a Labour revolt over welfare reforms blew a £5 billion hole in the Treasury’s spending plans

The Independent UK

Rachel Reeves should be as open as possible about tax rises

THE INDEPENDENT VIEW: Editorial: The chancellor ought to take citizens into her confidence as she ponders her Budget choices. Rachel Reeves needs to explain the trade-offs behind the difficult decisions that she is about to make, if she wants people to support them

The Independent UK

Voices: For crying out loud: Are you ready for the ‘politics of pain’ about to hit us?

COMMENT: I once accused the PM and his chancellor of being too gloomy, writes John Rentoul. Turns out they were not gloomy enough – and they’ll have to lead the nation through another vale of tears

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