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The Latest Breaking News from Budget

Reeves launches £26 billion tax raid as welfare spending rises

Chancellor Rachel Reeves’s announcements will leave 1.7 million people paying more income tax.

Evening Standard

Government borrowing costs ease back as gilts and pound stage post-Budget rally

Experts said the market was placated by forecasts for a larger fiscal buffer and a credible path to lower government borrowing.

Evening Standard

Budget 2025: All the property announcements from Chancellor Rachel Reeves

From the introduction of a ‘mansion tax’ to increasing the tax on property income, here are the property announcements contained in today’s Budget

Evening Standard

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read the most diverse news in one place.

Deputy speaker Nusrat Ghani scolds Labour over early Budget briefings

The Deputy Speaker has condemned the government for extensively speaking to the media in the weeks leading up to the Budget.

The Independent UK

From mansion tax to cash ISA changes: Key announcements in Reeves’ Budget

The chancellor has unveiled £26bn worth of tax rises in the Commons as she attempts to plug a multi-billion pound gap in Britain’s ailing public finances

The Independent UK

Criminal inquiry demanded as ‘unprecedented’ leak of Chancellor's Budget reveals £26bn tax rises

Rachel Reeves condemns ‘deeply disappointing’ accidental release of Budget details ahead of her Commons statement

Evening Standard

Rachel Reeves to change pension salary sacrifice schemes — what you need to know

IN FULL

The Independent UK

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£2,000 cap for salary-sacrificed pension contributions – OBR

The policy would raise an estimated £4.7 billion in 2029/30 and £2.6 billion in 2030/31, an Office for Budget Responsibility document said.

Evening Standard

Budget at a glance: What has Rachel Reeves announced?

Here, the PA news agency looks at the tax rises and cost-of-living measures in Wednesday’s Budget.

The Independent UK

Tax hiked and growth downgraded as details of Budget released early

The OBR confirmed Rachel Reeves’ Budget ‘raises taxes by amounts rising to £26 billion in 2029-30’.

Evening Standard

Rachel Reeves says Labour does not need to raise taxes in Budget in resurfaced clip

Rachel Reeves vowed not to increase taxes in the Budget, a resurfaced clip shared by Kemi Badenoch shows.

The Independent UK

Tractors descend on London for Budget protest despite police ban

‘Several arrests’ as convoy of tractors come to capital on Budget Day in protest at the Family Farm Tax, bringing central London traffic to a standstill

Evening Standard

Budget 2025: Income tax rate will not rise, signals minister - but millions of families 'face £1,600 hit'

Chief Secretary to the Prime Minister Darren Jones makes clear the Government has ruled out a manifesto-busting increase in income tax

Evening Standard

Pets At Home eyes ‘urgent’ cost-saving measures as retail profits plunge

The group said cost-cutting would be a key part of its retail revival plan

The Independent UK

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Evening Standard

Rachel Reeves will announce the Budget today: Here's what to expect

The Standard looks at the measures the Chancellor is expected to announce today

Evening Standard

Reeves acknowledges anger over economic unfairness as she prepares to hike tax

Chancellor Rachel Reeves will deliver her Budget as she battles to turn around the Government’s fortunes.

Evening Standard

Reeves vows to make ‘fair and necessary choices’ as Budget day dawns

The Chancellor will aim to grasp the cost of living, and fiscal credibility in her second Budget

Evening Standard

SNP calls on Chancellor to ‘help, not hammer’ families in Budget

Rachel Reeves is expected to introduce tax hikes in her announcement.

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The Independent UK

Reeves braced for major Budget clash with businesses over minimum wage and tax rises

The chancellor is set to use her Budget to pin Labour’s hopes on tackling the cost of living while balancing the books by targeting the wealthy

Evening Standard

Budget 2025: Rachel Reeves to hammer London in tax grab on wealthy homeowners and millions of workers

The Chancellor’s plans will also see 260,000 children in the capital benefit from the lifting of the two-child welfare cap

The Independent UK

This make-or-break Budget must match the chancellor’s fighting talk

THE INDEPENDENT VIEW: Editorial: She has broken records by becoming Britain’s first female chancellor, but Rachel Reeves’s bold reforms and her fealty both to her backbenchers and bankers risks unsettling the very people she needs onside

The Independent UK

Business backlash as Reeves confirms minimum wage pay rise hike for millions of workers

The chancellor said the move would mean those on low incomes were ‘properly rewarded’ - but businesses warned the move could drive unemployment and hit economic growth

Evening Standard

Minimum wage to rise by 4.1% from April, government says ahead of budget

The wage rate for young people will increase by 8.5% to £10.85

The Independent UK

Increase in minimum wage rates announced

The Government says millions of low-paid workers will get a pay rise.

The Independent UK

What Budget rumours are doing to the FTSE 100

Banking stocks had a lift amid rumours the sector will be spared a tax hit

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