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The Latest Breaking News from Budget

No date for increasing defence spending to 2.5% of GDP, says Treasury minister

Darren Jones said it will depend on the outcome of the strategic defence review, which is currently under way.

Evening Standard

Thousands of farmers to descend on London after Met Police green lights ‘tractor tax’ protest

The event’s organiser said he could see the number of attendees exceed 10,000

The Independent UK

Labour warned UK is facing ‘humanitarian crisis’ in farming as thousands march on London

Farming leaders are urging Labour ministers to rethink plans to impose inheritance tax on farms worth more than £1m

The Independent UK

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NHS is drinking in ‘last chance saloon’, says Labour health advisor

‘The NHS is in the worst state I’ve ever seen’ Alan Milburn said

The Independent UK

Asda boss warns of £100m hit from ‘big burden’ Labour Budget

Asda’s chairman said he would try not to pass extra costs on to consumers, but ‘you can’t deny it will probably be inflationary to some degree’.

Evening Standard

JD Wetherspoon boss issues price rise warning to customers

Tim Martin, Wetherspoon’s chairman, has warned over price rises after the autumn Budget

The National (Scotland)

Vistry warns of extra costs and supply chain hit due to tax changes in Budget

The housebuilder said it is ‘assessing the impact’ of Labour’s autumn Budget in which Chancellor Rachel Reeves raised employer taxes.

The Independent UK

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FTSE 100 Live 08 November: British Airways owner IAG soars on results beat, retail stocks struggle

IAG shares soared in the FTSE 100 index today after the British Airways owner reported a bumper summer.

Evening Standard

Rachel Reeves NI hike may push up prices, cut jobs and squeeze pay rises, says Bank of England governor

Chancellor Rachel Reeves’ increase in National Insurance on employers may push up prices, cut jobs and squeeze pay rises, says the governor of the Bank of England.

Evening Standard

UK Budget ‘cannot be balanced on back of Scotland’s charities’, John Swinney says

THE UK Budget “cannot be balanced on the back of Scotland’s charities”, the First Minister has said ...

The National (Scotland)

Bank says ‘gradual approach’ to interest rate cuts needed after Budget

Andrew Bailey said it would ‘help us to observe’ how the tax measures would play out for the economy.

Evening Standard

Fact check: Badenoch Budget claim, Spanish floods and altered King Charles video

Round up of fact checks from the last week compiled by Full Fact.

The Independent UK

Chancellor visits Manchester to promote investment in northern infrastructure

Rachel Reeves announced the Transpennine Route Upgrade was secured in her first Budget as Chancellor last week.

Evening Standard

Bank of England slashes interest rates to 4.75%

The second move in three months reduces the official cost of borrowing to its lowest level since summer 2023

Evening Standard

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The Independent UK

UK politics live: Reeves dismisses Lammy’s Trump ‘Neo-Nazi’ jibe as Farage’s mediation offer snubbed by Labour

The US election result has brought past comments made by foreign secretary David Lammy about Donald Trump back into the limelight

The Independent UK

Interest rates live updates: Bank of England base rate cut to help slash mortgage bills

Inflation fell below the Bank of England’s 2% target in September for the first time in three years

The Independent UK

MSPs ‘deeply concerned’ about Government’s lack of strategic financial approach

Holyrood’s Finance Committee said the Scottish Government is failing to take a long-term view.

Evening Standard

Chancellor Rachel Reeves’ Budget clears first House of Commons hurdle

MPs approved a series of Budget resolutions on Wednesday, which included an increase to employers’ national insurance contributions and a vapes tax.

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The Independent UK

Treasury denies breaking law over ‘black hole’ in public finances

The way information is provided to the Office for Budget Responsibility is being changed following issues in March.

Evening Standard

Treasury denies breaking law over 'black hole' in public finances

The way information is provided to the Office for Budget Responsibility is being changed following issues in March

The Independent UK

Labour doesn’t understand the countryside, say farmers in warning ‘tractor tax’ will destroy village life

Farmers say they’re already seeing the ‘slow erosion of country life’ as they warn last week’s Budget could have dire consequences

The Independent UK

Rachel Reeves gives top official vote of confidence in row over Budget black hole cover-up

Exclusive: The chancellor gave officials a vote of confidence ahead of she and her Treasury permanent secretary James Bowler facing questions from MPs today

Evening Standard

Kemi Badenoch attacks ‘cruel family farms tax’ in PMQs debut

The leader of the Opposition also accused ministers of ‘student politics’.

Evening Standard

M&S reveals £120m hit from Budget measures

The firm said it would do ‘everything we can’ not to pass on the extra costs to consumers, but ‘cannot rule anything out’.

Evening Standard

Growth in UK construction sector slows amid housebuilding decline

The latest S&P Global construction purchasing managers’ index (PMI) scored 54.3 in October, down from 57.2 in the previous month.

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