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The Latest Breaking News from Budget

UK economy shrinks for second month in a row

THE UK economy unexpectedly contracted in October, marking two months in a row of negative growth for the first time since the pandemic, new…

The National (Scotland)

Reeves accused by Tories of ‘crashing the economy’ as output shrinks - live updates

Most economists had been expecting GDP to rise during October but it shrunk 0.1% for the second month running

The Independent UK

Currys warns Budget will lead to ‘inevitable’ price rises due to £32m of extra costs

The company joins other retailers and hospitality companies in complaining that Rachel Reeves’s budget in October will mean higher staffing costs

The Independent UK

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Is Golf Too Expensive? Our In-Depth Investigation Into How Much The Sport Costs To Play

Golf has often struggled with the image of being an expensive sport, but how affordable is it to play the game?

Golf Monthly

Currys warns of "inevitable" price rises after £32 million Budget hit

Chief executive criticises “new and unwelcome headwinds from UK government policy.”

Evening Standard

SNP Budget to create wind farm 'supply chain to benefit Scotland for decades'

The £150 million pledged for offshore wind in the Scottish Budget will create a “sustainable supply chain” to benefit Scotland for years to…

The National (Scotland)

ProCook store openings offset ‘subdued’ sales around Budget

The retailer hailed a ‘strong performance’ over the latest half-year but saw like-for-like growth slow in more recent weeks.

Evening Standard

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Specialist lender says motor finance scandal and Budget weighing on sector

S&U, which provides car finance through Advantage Finance, said trading conditions had been ‘burdened’ over the first half of its financial year.

Evening Standard

Widespread failure risk in adult social care without action, Government told

Ministers have been warned that budget deficits are ‘so severe’ even big companies relying on Government funding are struggling.

The Independent UK

Poundland takes £640 million hit on Budget costs and sales woes

The discount chain’s owner, Pepco, swung to a full-year pre-tax loss of 554 million euros (£457 million) after booking the write-down on Poundland.

Evening Standard

No 10 insists Government backs farmers in face of looming tractor protest

Hundreds of tractors are expected in Westminster on Wednesday as farmers continue to protest against the Budget inheritance tax changes.

Evening Standard

Outgoing French government to present 'special' budget to avoid shutdown

The outgoing French government has prepared a "special" budget to keep the country running through the end of the year, after Prime Minister Michel Barnier lost a confidence vote in the National Assembly, which had rejected large parts of the proposed 2025 budget.

Radio France Internationale

Hundreds of tractors to descend on Westminster in farming protest this week

Campaign groups Kent Fairness for Farmers and Save British Farming have organised an ‘RIP British Farming’ protest

Evening Standard

China stimulus hopes boost investors as London markets rise

Policymakers in Beijing said they would take more proactive fiscal measures next year to boost domestic spending.

The Independent UK

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Evening Standard

Rachel Reeves’ Budget ‘a recipe for total disaster’ for nurseries, Tories claim

Shadow education minister Neil O’Brien said up to four in 10 early years providers are expected to close as a result of the NI increase.

The National (Scotland)

Scottish Government says Budget cash should pay for 'at least' 8000 affordable homes

Extra cash for affordable housing in the Scottish Budget should allow for “at least” 8000 more homes for rent and low-cost ownership to be…

Evening Standard

Domino’s sees £3m a year impact from Budget measures

The firm also unveiled a new five-year profit and sales target agreement with its franchisees, starting from January.

The National (Scotland)

Labour will be held accountable if they vote against Budget, says John Swinney

VOTING against the Scottish Government’s Budget will be an “albatross” around Labour’s neck, the First Minister has said, as he pledged to…

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The Independent UK

New breakfast club scheme to help children reach ‘learning potential’ – Gilruth

The £3 million Bright Start Breakfasts initiative was announced at the recent Budget.

Evening Standard

Two-child benefit cap mitigation could start in early 2026, says Robison

Shona Robison insisted the scheme is going ahead, saying the Government could implement it before April 2026.

Evening Standard

Rachel Reeves tells small business owner: ‘We are trying to help’

The Chancellor toured the Leeds Corn Exchange ahead of Small Business Saturday.

The Independent UK

Starmer fails to rule out new tax rises – despite Reeves’ claim there wouldn’t be another hike

Concerns are growing over the possibility of another tax raid in the spring

Evening Standard

CBI downgrades UK economic growth forecasts amid Budget pressures on firms

The CBI has reduced its growth forecasts for the UK economy in 2024 and 2025 as inflation is expected to pick up.

The Independent UK

The great reset: Starmer pins hopes on six new policy ‘milestones’

PM announces priorities to ‘galvanise’ his premiership with pledges on better living standards, shorter NHS waiting lists, more police and 1.5 million new homes... as Bank of England warns firms will axe jobs in response to tax rises

The National (Scotland)

John Swinney fumes at 'bawling' Tory MSPs during Budget clash at FMQs

JOHN Swinney told Tory MSPs at FMQs to stop “shouting and bawling” as he clashed with Russell Findlay on the Budget at FMQs...

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