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The Latest Breaking News from Budget

Swinney warns Starmer and Reeves of ‘risks’ if Budget fails to end austerity

Scottish First Minister John Swinney said the ending of austerity was what people are ‘desperately seeking’.

Evening Standard

UK’s ability to defend itself questioned by MPs as new arms factories promised

At least 13 sites across the UK have been identified for new factories to make munitions and military explosives.

Evening Standard

Government must tackle high electricity prices in Budget, industry experts say

Electricity prices in the UK remain some of the highest in Europe after Russia’s invasion of Ukraine in 2022 sparked the energy crisis.

Evening Standard

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The UK used to be a world leader on climate – does it still count?

ANALYSIS: With aid cuts and the forthcoming Budget hanging over the UK, many groups have been disappointed at the country’s apparently lacklustre performance at Cop30. Even Labour MPs at the conference are worried that the country is losing the argument. Nick Ferris reports from Belem, Brazil

The Independent UK

Here's how the 'mansion tax' would impact London homeowners

Two thirds of transactions on homes valued at more than £2 million this year happened in London

Evening Standard

Starmer warns his cabinet to ‘stop talking about ourselves’ after Labour briefing war

PM tells ministers that ‘distractions’ means their focus has ‘shifted’

The Independent UK

A Cycle to Work budget limit would be a mistake – we need as many people buying bikes as possible

Proposals to limit the amount claimed tax-free for bikes are regressive

Cycling Weekly

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Keir Starmer warns Cabinet against ‘distractions’ after briefing row

The Prime Minister also made a plea for unity at the Tuesday meeting.

The Independent UK

Nigel Farage says Reform-led councils’ woes show bringing change is ‘hard’

Reform UK and the Conservatives held rival press conferences to unveil alternatives to Rachel Reeves’ Budget.

The Independent UK

More firms looking to trade abroad as UK growth and tax worries grow

Nearly half of businesses, or 47%, are considering international expansion, according to Santander’s latest trade barometer.

Evening Standard

Farage and Badenoch step up Budget pressure on Reeves

Both Nigel Farage and Kemi Badenoch will set out alternatives to the tax rises Rachel Reeves is set to unveil.

Evening Standard

Ken Clarke tells Rachel Reeves to raise income tax in her budget

The former chancellor has also warned that pre-budget briefing as left an ‘air of gloom’ over the economy

The Independent UK

Stonegate, UK's Pub Giant, Mired in £2.2 Billion Debt Trap

Stonegate, the UK's largest pub operator, faces mounting debt of £2.2 billion, with plans to sell assets to stay afloat amid rising costs and challenging economic conditions.

International Business Times UK

Budget gossip and U-turns to blame for Britain’s weak growth, former Bank of England economist warns Reeves

Andy Haldane has called for the process to be overhauled to prevent Budget leaks that can damage the economy

The Independent UK

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Evening Standard

Budget rumours key reason for weak growth, says former Bank chief economist

Andy Haldane has called for the process to be overhauled to prevent Budget leaks that can damage the economy.

Evening Standard

Chancellor, hospitality can drive economic growth - if you just give us the chance

A great pub supports a local eco-system, provides an unofficial form of social care for those who are alone, and is the beating heart of its community

Evening Standard

Chancellor's Budget raid will make 500,000 more people in London and South East pay 40% income tax rate

Rachel Reeves is set to impose a ‘stealth tax’ in her Budget on November 26 with a further two-year freeze on income tax thresholds

The Independent UK

Average house price revealed as market sees largest November drop since 2012

More than a third of homes available for sale have had an asking price reduction

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The Independent UK

Angela Rayner’s reappearance is a further damning of Starmer’s leadership

COMMENT: Editorial: With Labour in turmoil and the Budget still more than a week away, the resurgence of the prime minister’s former deputy adds further complication that Keir Starmer could do without

The Independent UK

Rachel Reeves urged to scrap international student levy over concerns for growth

Business groups slammed ‘university tax’ and warned a rise in fees will have ‘unintended consequences’ for the UK

The Independent UK

Income tax U-turn will only hasten Starmer’s departure, MPs warn

Ministers and backbenchers reacted with despair to U-turn and claimed the prime minister was ‘weakened’

Evening Standard

Reeves to freeze thresholds after ditching planned income tax hike – reports

The Chancellor is understood to have U-turned after improved forecasting from the Office for Budget Responsibility.

The Independent UK

Reeves ‘plots new property tax’ in Budget after income tax U-turn

Chancellor could bring in new levy on high-value properties and maintain the freeze on thresholds

The Independent UK

Rachel Reeves’s U-turn on income tax is needless, cowardly – and wrong

THE INDEPENDENT VIEW: Editorial: The chancellor’s decision to break a manifesto pledge cannot so easily be flipped from yes to no, especially when there has been no change in the economy to warrant it. This is no way to run a government

The Independent UK

Financial markets grow fretful after reports of UK government abandoning income tax hike

British financial assets were under pressure Friday on growing speculation that the Labour government has ditched plans to raise income taxes in a crucial budget at the end of the month

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