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The Latest Breaking News from Budget

Shoe Zone blames Budget costs for store closures and warns over profits

Shares in the retailer slumped as it slashed profit guidance for the year to next September, just two months after warning over 2023-24 earnings.

Evening Standard

Retailer Shoe Zone to close stores as a result of the Budget

Retailer said it had seen “very challenging trading conditions” since October.

Evening Standard

Hollywood Bowl reels in value-seeking families but says Budget impact ‘painful’

Chief executive Stephen Burns said the ten-pin bowling operator held on to the post-Covid boom in leisure demand.

The Independent UK

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Private sector hiring falls at fastest rate in nearly four years after Budget

Businesses said increases in the cost of employing people plus falling confidence were making it harder to recruit new staff.

Evening Standard

Currys boss says price rises ‘inevitable’ due to Budget cost increases

Alex Baldock also warned that policies announced by the Chancellor in October will ‘depress investment and hiring’ plans.

Evening Standard

New Budget blow to Rachel Reeves as disability charity says it may be forced to scrap key services

Mencap warns it will be hit by the Labour chancellor’s rise in National Insurance paid by employers

The Independent UK

Business confidence tumbles to two-year low following Reeves’s raid on employers

Bosses expect orders to fall, costs to rise and consumer confidence to be hit

The Independent UK

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Voting against the Budget will be ‘albatross’ around Labour’s neck, says Swinney

The SNP remain short of a majority and will have to seek support from other parties to pass the Budget.

The Independent UK

Business confidence slides to almost two-year low after Budget

Firms said they expect to come under pressure from rising costs, reduced customer confidence and falling orders.

Evening Standard

John Swinney on track to lead pro-independence majority in Holyrood in new poll

JOHN Swinney is on course to lead the SNP to a pro-independence majority in Holyrood following the announcement of next year's Budget, according to…

The National (Scotland)

Currys could reveal Black Friday boost or Budget hit in interim results

The retailer will announce its half-year results after analysts said recent Budget tax rises could put a dent in its recovery.

The Independent UK

Frasers cuts profit outlook amid ‘weaker’ shopper confidence around Budget

It came as the Mike Ashley-founded firm revealed a slump in sales for the past half-year, and lower profits

The Independent UK

Alba and Greens express concern over Government’s independence commitment in Budget

THE Scottish Greens and Alba Party have expressed concern over the lack of the Scottish Government's commitment to independence following the…

The National (Scotland)

Scottish Greens say they WON'T back Budget without 'big changes'

THE Scottish Greens have said they cannot back the SNP’s proposed Budget as things stand...

The National (Scotland)

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Evening Standard

Robison outlines Scottish Budget with vow it ‘offers hope for future’

Scotland’s Finance Secretary is unveiling the Scottish Government’s tax and spending plans for 2025/26.

Evening Standard

National insurance hike ‘biggest issue’ after Budget, Bank chief says

Andrew Bailey, speaking at the Financial Times’ Global Boardroom, said it is not yet clear what effect the tax change could have on inflation.

Evening Standard

UK services sector ‘close to stalling’ in November after Budget tax rises

A survey found forthcoming rises in employers’ national insurance contributions weighed on firms’ appetite to hire new staff.

The National (Scotland)

Shona Robison promises Budget will deliver 'progress' for Scotland's economy

SHONA Robison has said the Scottish Budget will deliver progress for the country’s economy...

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The National (Scotland)

Trade unions call for reform to local government and services ahead of Budget

Trade unions have called for local government reform ahead of Wednesday's Budget.

The National (Scotland)

Scottish Budget to be unveiled today – how to watch

THE Scottish Budget is set to be unveiled later today as the Government reveals the spending decisions for the next financial year...

Evening Standard

Shona Robison vows to ‘put people of Scotland first’ in Holyrood Budget

The Scottish Finance Secretary will set out her draft tax and spending plans for 2025-26 to MSPs on Wednesday.

The Independent UK

Half of rural voters trust Labour less after inheritance tax move – poll

The Budget has seen support for Labour slip in the countryside as a quarter of the party’s rural backers say they are now unhappy with their vote.

Evening Standard

Reeves repeatedly declines to guarantee no more borrowing or tax rises

At Treasury questions on Tuesday, Rachel Reeves was asked multiple times to re-commit to her earlier pledge on taxes.

The Independent UK

SSP sees profits jump but flags Budget cost ‘headwinds’

The Upper Crust owner reported pre-tax profits up 35% to £118.6 million in the year to September 30.

The Independent UK

Starmer’s ‘Plan for Change’ will improve lives of working people, No 10 claims

The PM is to give a major speech on Thursday, following a backlash to the Budget, plummeting poll ratings and the first resignation from his Cabinet.

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