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The Latest Breaking News from Budget

Pension pot boost being considered by Jeremy Hunt in Budget

The Chancellor is reportedly considering increasing the lifetime pension allowance (LTA) in hopes to reduce early retirement trends

Wales Online

Hunt considering pension changes in the Budget in drive to bolster workforce

The Chancellor is looking at increasing the lifetime and the annual pension allowance as part of his fiscal package on Wednesday.

The Independent UK

Jeremy Hunt confirms investment zones plan for Scotland - and boost to innovation and R&D in Glasgow

Budget speech will include announcement of £100m for 26 projects in Glasgow and two English cities

Insider UK

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Accelerated depreciation key to boosting manufacturing: EMA

The Government should introduce accelerated depreciation for manufacturing technology in this year’s Budget, if it wants to kick-start manufacturing businesses’ investment in advanced equipment and boost productivity. That’s the message from Employers and Manufacturers Association boss Brett O’Riley.

Newsroom.co.nz

MPs urge Chancellor to ‘safeguard’ London’s transport system in budget

The cross-party group of MPs called for the reintroduction of tax-free shopping for tourists to make London more attractive to overseas shoppers

Evening Standard

New measures to boost workforce participation for benefit claimants, over-50s and long-term sick or disabled on way

The Treasury has announced new steps to boost workforce participation ahead of this week’s Budget.

Daily Record

Future of 30 West Yorkshire bus services hangs in balance

Decision likely to hinge on outcome of this week's Budget.

Leeds Live

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Budget to encourage over-50s, disabled and benefits claimants back into work

Chancellor Jeremy Hunt will use his first Budget to address the drop in the UK’s labour force participation.

The Independent UK

Give parents more free childcare in next week's Budget, voters demand in poll

Around six in 10 believe the Tories should massively expand free childcare to one and two-year-olds in England, according to the Redfield & Wilton poll for the Sunday Mirror

Daily Mirror

Gin distillers accuse Jeremy Hunt of failing to back England's national tipple

Ahead of the Budget, analysis from the UK Spirits Alliance found the cost of duty on a bottle of gin in the UK is 77% higher than the EU average

Daily Mirror

Yellen, House Republicans spar over tax increases, debt limit

WASHINGTON — House Republicans slammed the Biden administration’s tax proposals in a hearing with Treasury Secretary Janet L. Yellen on Friday, giving the president’s latest budget request an icy reception.

Tribune News Service

Carbon capture Budget pledge could put the fizz in Humber Net Zero industrial ambitions

Chancellor to back technology to store emissions and clean up carbon-intensive operations like power generation, steelmaking and refining

Birmingham Post

Davey: SNP now engulfed in poisonous divisions due to leadership race

The Liberal Democrat leader has addressed his party’s Scottish conference in Dundee.

The Independent UK

Dark clouds over construction sector despite GDP growth, as building work slips to 11-month low

The UK building sector had its worst month in almost a year, but there may be signs of greater resilience in the London housing market

Evening Standard

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Insider UK

MPs call on Chancellor to approve Acorn carbon capture project

Scottish Affairs Committee warns that net zero targets are at risk if Scottish cluster is not utilised

The Independent UK

Government urged to use upcoming Budget to fund Scottish carbon capture project

MPs from the Scottish Affairs Committee made the plea in a new report.

The Independent UK

Councils say pothole funding is 31 times below budget per mile for major roads

The Local Government Association urged the Treasury to use next week’s Budget to provide more money to councils to fix pothole-plagued local roads.

Axios

Biden proposes $6.8 trillion budget to make rich pay "fair share"

“My 2024 Budget is a blue-collar blueprint to rebuild America," Biden said.

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Tribune News Service

Debt limit clouds outlook as Biden budget set to hit Thursday

WASHINGTON — President Joe Biden’s delayed budget for the upcoming fiscal year due Thursday will kick off what’s expected to be a lengthy battle over spending levels and priorities, with the debt ceiling deadline looming this summer casting a pall over the entire process.

Roll Call

Debt limit clouds outlook as Biden budget set to hit Thursday - Roll Call

President Joe Biden’s delayed budget due Thursday will kick off what’s expected to be a lengthy battle over spending levels and priorities.

Birmingham Post

Sage and L&G chief execs join calls for Government to boost business investment

The prominent company leaders say more needs to be done to encourage businesses to invest and improve productivity

Daily Record

Martin Lewis ‘99% certain’ energy prices will not rise by £500 next month despite official response

The consumer champion asked Grant Shapps directly about the planned increase from April on The Martin Lewis Money Show Live.

Evening Standard

Hospitality bosses urge Chancellor to reform rates, planning and licensing in 2023 budget

UKHospitality Chief Executive Kate Nicholls said that without these changes, some hospitality companies could go out of business

Daily Mirror

Labour warns Jeremy Hunt to resist 'siren' Tory calls to cut corporation tax

The Shadow Chancellor urged the Government to push ahead with lifting the tax on companies' profits from 19% to 25% when Mr Hunt delivers the Budget next Wednesday

Birmingham Post

Spring Budget: Hargreaves Lansdown says green economy and net zero must be at heart of government priorities

The Bristol-based financial services firm warned UK was ‘lagging’ behind other countries when it comes to investment in green tech

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