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The Latest Breaking News from Budget

Lloyds finance chief says UK bank sector needs ‘competitive, stable’ tax regime

Finance chief William Chalmers said the bank would welcome a Budget that aligns with the Government’s ‘pro-growth agenda’.

Evening Standard

Budget 2024: What time will tax-raising Budget speech by Labour Chancellor Rachel Reeves start on Wednesday?

And how long will it be?

Evening Standard

Budget 2024: Rachel Reeves says 'main taxes on working people' won't rise

Chancellor’s comments leave door open to raft of other tax rises, many of which could hit London hard

Evening Standard

From analysis to the latest developments in health,
read the most diverse news in one place.

Reeves sympathetic towards ‘mess’ ministers face ahead of Budget

The Prime Minister has previously warned that the Budget next Wednesday would be ‘painful’.

The Independent UK

Public sector pay rises hand Reeves a £6.7bn headache ahead of Budget

The surprise rise in borrowing came despite the cut to Britain’s expenditure on winter fuel allowances

The Independent UK

UK borrowing surges past official forecasts ahead of Budget

The ONS said public sector net borrowing in the first half of the financial year stood at £79.6 billion, £6.7 billion higher than forecast by the OBR.

Evening Standard

Cabinet is ‘united’ on Budget, says Reeves after ministers settle spending plans

The Chancellor said it was ‘right’ that Cabinet ministers had attempted to get the best settlements possible for their departments.

Evening Standard

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Change 'fiscal rules' so UK can catch up internationally, John Swinney urges Labour

THE Labour Government should change its fiscal rules to allow borrowing for public sector investment, First Minister John Swinney will say in a…

The National (Scotland)

Labour's £40bn black hole 'the same as Brexit costs UK annually', figures show

THE Labour Government is facing pressure to be “honest” about the impact of Brexit ahead of their first Budget – after a minister admitted…

The National (Scotland)

How will the Budget affect my savings and what should I do?

Reports that pensioners could have tax breaks cut or axed have led to savers withdrawing chunks of their retirement pots ahead of the chancellor’s announcement

The Independent UK

AJ Bell calls for pension ‘tax lock’ amid savers’ Budget worries

The investment platform said it has seen changes in tax-free cash withdrawals as well as contributions to pensions ahead of the October 30 Budget.

The Independent UK

Tax-free cash withdrawals ‘surge while pension contributions plummet’ as savers panic over Budget rumours

A shake-up of the UK’s generous pension tax allowances has been feared for several years as chancellors search for ways to raise money without further indebting the country or raising income tax

The Independent UK

Angela Rayner leads Cabinet revolt against Reeves’ ‘huge’ Budget cuts

Senior ministers are pushing back against cuts as Rachel Reeves finalises her first Budget as chancellor

The Independent UK

Voices: Starmer says ‘working people’ shouldn’t fear the Budget – but who are they? Join The Independent Debate

THE INDEPENDENT DEBATE: As ministers offer conflicting views on whether high earners, landlords, and those with investment income should be included in the group protected from tax increases in Labour’s Budget, we want to know how you would define ‘working people’

The Independent UK

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Evening Standard

Budget will boost living standards, revive NHS and ‘rebuild Britain’ – Starmer

Sir Keir Starmer said his three priorities were making people better off, ensuring the NHS is fit for the future and rebuilding the country.

Evening Standard

Budget 2024: Which taxes will Chancellor Rachel Reeves raise in the Budget?

Increases in National Insurance for employers, inheritance tax, capital gains tax and stamp duty are expected in the Budget on October 30

The Independent UK

HS2 rail line will run into London Euston, transport secretary Louise Haigh hints

The government is expected to make an announcement around the time of the Budget

Evening Standard

Pensioners will keep their free bus passes, says Cabinet minister Louise Haigh ahead of the Budget

The pledge was made after the cuts to the winter fuel payments for most pensioners

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news in one place.

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The Independent UK

Budget 2024: Five key tax takeaways at a glance

Chancellor announces biggest raft of tax hikes in any budget since 1993

The National (Scotland)

Labour warned cuts plans are 'Liz Truss levels of economic vandalism'

LABOUR have been warned their plans to cut billions from government budgets are “Liz Truss levels of economic vandalism”.

Evening Standard

OPINION - Rachel Reeves embraces optimism – but the sting will be in the Budget

In early August 1979, Peter Cropper, a special advisor to newly-installed chancellor of the exchequer, Geoffrey Howe, sent a memo to colleagues. They should, he warned them, "stop being so downbeat. The world economy may be gloomy but there's absolutely no need for us to be gloomy."

The National (Scotland)

Tens of thousands sign petition urging Chancellor to 'protect older people' in Budget

MORE than 60,000 people have now signed a petition calling on the Chancellor to “protect older people” in the upcoming Budget...

Evening Standard

Key business survey for September points to slowing growth ahead of the Budget

The PMI reading of 52.9 is down from 53.8 in August and below City expectations of 53.5

The Independent UK

Starmer refuses to rule out first fuel duty rise in 15 years as Labour seeks to close Budget black hole

PM says he wants to ‘inject hope’ for the British people but is government is still mulling over options for tax rises

The National (Scotland)

‘Austerity mark two is not the answer’: Trade unions hit out at Keir Starmer speech

TRADE unions have hit out at Keir Starmer’s speech in which he warned that the UK Government’s forthcoming Budget will be “painful”.

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