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The Latest Breaking News from Budget

Sadiq Khan slashes his minimum ask for transport funding ahead of Labour's Budget

The mayor insisted he will still be demanding ‘as much as I can get’ for TfL, but said the ‘black hole’ in the public finances had to be acknowledged

Evening Standard

Government borrowing costs rise ahead of Reeves’ first Budget

Speculation that Rachel Reeves will change the way debt is assessed triggered a market reaction.

The Independent UK

If the Budget can increase the size of the economic pie then we will all be better off

A big feature of the Budget will be an increase in public investment, perhaps by around £18bn, paid for by a rise in public borrowing

Evening Standard

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Chancellor Rachel Reeves hints at ‘challenging’ Budget in new video

Chancellor Rachel Reeves has hinted at a “challenging” Budget as she prepares to borrow tens of billions of pounds to invest in Britain’s crumbling infrastructure.

The Independent UK

Judge reduced to cleaning courthouse gutters amid justice funding crisis

Country’s most senior judge calls for ‘concrete steps’ from government to support the justice system

Evening Standard

British businesses grow at slowest rate in 11 months amid Budget uncertainty

Chancellor Rachel Reeves has struck a pessimistic tone around the Budget, warning of ‘tough decisions’.

Evening Standard

Report suggests Reeves could announce plans to change Britain’s debt rules

The Chancellor will be looking to raise up to £40 billion from tax hikes and spending cuts in order to avoid a return to austerity.

Evening Standard

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'Utterly unsustainable': London councils spend £4million a day on housing homeless driving some to bankruptcy

Total average temporary accommodation bill for the capital’s councils was £114million each month in the year to April - a 68% rise

Evening Standard

Rachel Reeves to turn on spending taps with Budget boost for infrastructure and clean energy

The chancellor is planning to change the government’s fiscal rules to free up billions of pounds of borrowing, which she will promise to spend laying ‘the foundations of future growth’

The Independent UK

Reeves ‘WhatsApps’ Hunt and is in contact ‘regularly’ with Blair and Brown

The Chancellor added that she would love to be able to call up the late Alistair Darling – the last Labour chancellor to deliver a Budget.

Evening Standard

Majority of French think current election system does not work, poll says

Support for a democratic system falls as the new French government faces crucial test in hostile parliament

The Independent UK

Rayner and Dowden clash over prospect of Budget tax rises at ‘battle of gingers’

The two took centre stage at Prime Minister’s Questions because of Sir Keir Starmer’s visit to Samoa.

Evening Standard

Anti-monarchy group to protest at Budget in call to slash royal funding

THE first Budget of the new Labour Government is set to face protests from anti-monarchy group Republic...

The National (Scotland)

Lloyds reveals stronger-than-expected profit as consumer confidence picks up

The banking giant reported a pre-tax profit of £1.8 billion between July and September.

Evening Standard

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The National (Scotland)

SNP demand ‘cast-iron guarantee’ on tax hikes ahead of Labour Budget

THE SNP have urged Keir Starmer to give a “cast-iron guarantee” that the National Insurance tax hike reportedly in the upcoming Budget will…

Evening Standard

Labour MP suggests spending money on BBC World Service instead of fighter jets

In the Commons, Peter Prinsley, the MP for Bury St Edmunds and Stowmarket, described the BBC as a ‘vital UK soft power’.

The Independent UK

Inheritance tax already up 10 per cent as Reeves looks to squeeze levy in Budget, official figures show

Chancellor warned that hiking the tax at next week’s Budget risks punishing middle-class homeowners

Evening Standard

Budget 2024: Boost for Labour Chancellor Rachel Reeves as IMF ramps up economic growth forecast for Britain

The leading economists increased their prediction for GDP growth in the UK in 2024 from 0.7 per cent to 1.1 per cent

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The Independent UK

UK economy to grow faster than thought in pre-Budget boost for Reeves

Only Spain was given a bigger economic upgrade by the IMF, making the UK the biggest beneficiary for extra growth in the G7 – although the US’s new growth rate of 2.8 per cent is higher

The Independent UK

Air Passenger Duty may go up in Reeves’s Budget – could the ‘Inverness Immunity’ come to an end?

Plane Talk: Why it’s not always a good idea to tax the traveller until the pips squeak

Evening Standard

Budget 2024: Public sector pay rise row as borrowing hits £80 billion in blow to Rachel Reeves

Public sector net borrowing in the first half of the financial year rose to £79.6 billion, according to the ONS

Evening Standard

Budget 2024: How tax rises by Chancellor Rachel Reeves will hit Londoners and London firms

Standard analyses impact of potential tax rises in the Chancellor’s October 30 Budget on millions of Londoners

The Independent UK

Tax on high earners ruled out as Rachel Reeves looks to plug £40bn Budget black hole

No 10 forced into astonishing admission that high earners can also be protected by its pledge not to raise national insurance for working people – after minister refused six times to confirm if that included employees on six-figure salaries

The Independent UK

When is the Budget and what is the ‘stealth’ tax rise Labour are set to keep?

Millions could pay more income tax if ‘stealth’ policy is continued

Evening Standard

Budget tax hit fears for £100,000+ earners as minister won’t say they are Labour’s ‘working people’

The stance will fuel fears that London could be heavily impacted by the Budget due to be delivered by Chancellor Rachel Reeves on October 30

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