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The Latest Breaking News from Budget

PM says leaders should ‘stick to their word’ but fails to reaffirm tax pledge

The Prime Minister repeatedly declined to rule out hitting working people with extra tax in the Budget.

Evening Standard

Fact check: What has Labour pledged on income tax?

Ahead of next Wednesday’s Budget, Full Fact looks at the detail of Labour’s manifesto commitments.

Evening Standard

UK private sector growth slows due to business caution ahead of Budget

The S&P Global flash UK composite purchasing managers’ index (PMI) reported a reading of 50.5 in November, slipping from 52.2.

Evening Standard

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Budget cannot see UK ‘muddle through’, says Reeves

The Chancellor stressed that the UK must take a ‘different path’ on the economy.

Evening Standard

Retail sales fall unexpectedly in October amid Budget hit to consumer confidence

Official figures showed retail sales by volume fell 1.1% during October, following an upwardly revised increase of 0.7% in September.

The Independent UK

Government borrowing figures exceed forecasts in pre-Budget blow to Rachel Reeves

With public sector borrowing surpassing predictions, the government faces further challenges just days before the Budget

Evening Standard

Government borrowing higher-than-forecast in pre-Budget blow to Chancellor

The Office for National Statistics said public sector borrowing stood at £17.4 billion last month, above the £14.4 billion official forecast.

The Independent UK

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Consumer confidence ‘bleak’ as public braces for Budget

GfK’s long-running Consumer Confidence Index fell by two points to minus 19 in November.

Evening Standard

Starmer says Budget ‘based on fairness’ with crackdown on illegal working

Chancellor Rachel Reeves is widely expected to raise taxes on November 26 in order to fill a multi-billion pound gap in her spending plans.

The Independent UK

Celebrity hairdresser Nicky Clarke to offer ‘Budget Day’ haircuts including the Fiscal Fringe and Balanced Bob

The pop-up offers customers a chance to get an A-list worthy haircut for an affordable price

Evening Standard

Consumer confidence tumbles amid ‘tumultuous’ build-up to Budget

Consumer expectations for the state of the economy over the next three months have fallen significantly, according to data from the BRC and Opinium.

Evening Standard

Starmer refuses to rule out freeze on income tax thresholds in Budget

Labour prime minister under pressure from Conservative leader Kemi Badenoch

The Independent UK

Watch live: Starmer faces final pre-Budget PMQs after inflation falls

Sir Keir Starmer is set to face his final Prime Minister’s Questions (PMQs) opposite Kemi Badenoch ahead of Labour’s highly anticipated Budget next week.

The Independent UK

Chancellor faces calls for wealth tax a week before second Budget

The Chancellor is widely expected to raise taxes on November 26 but is reported to have ruled out a manifesto-busting income tax hike.

Evening Standard

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The Independent UK

Tony Blair’s think tank joins calls for £300 cut in energy prices ahead of Budget

A report by the Energy Crisis Commission has called for next week’s Budget to include details on how the government will reduce the gap between electricity and gas prices

Evening Standard

More than 90% of London firms fear impact of further Budget tax hikes

Half of London firms say they will be forced to freeze pay, pause bonuses, or halt hiring

Evening Standard

More than half of firms freezing investment as Budget fears take toll – report

The Barclays survey found that 45% of small company bosses believe policy uncertainty is negatively impacting their firms.

The Independent UK

Rachel Reeves ‘will announce milkshake tax’ in Budget

Exemption for milkshakes in sugar tax could come to an end when Chancellor announces Budget

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Evening Standard

Starmer ‘not available for Budget meeting’, says Swinney

The First Minister claimed it was easier for him to meet Donald Trump than the Prime Minister.

Evening Standard

Shares in pipes giant Genuit slump on impact of Budget "uncertainty"

FTSE 250 company downgrades its guidance for full year profits amid “subdued market conditions”

Evening Standard

FTSE 100 Live 17 November: Asia tensions hit Burberry shares, Budget rumours warning

The FTSE 100 index is steady at the start of a big week of economic and corporate updates.

Evening Standard

Budget uncertainty blamed for 'bigger than usual' drop in November house prices

Speculation about the contents of the Autumn Budget is fuelling uncertainty across much of the market, particularly at the upper end

Evening Standard

Stocks hit and bond yields jump amid tax U-turn talk

The FTSE 100 Index closed down 109.31 points at 9,698.37.

Evening Standard

Londoners who own expensive homes face being hammered in Budget after Reeves U-turn to dump income tax rise

A new ‘mansion tax’ or higher council tax bands for costly properties are measures the Chancellor could announce

The Independent UK

Income tax – live: Markets spooked after Reeves U-turn on major Budget tax increase

Chancellor reported to have abandoned plans over fears they could anger both voters and backbench Labour MPs

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