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The Latest Breaking News from Budget

Business rates relief package a ‘sticking plaster’, Scottish ministers warned

Finance Secretary Shona Robison has announced her Budget for 2026-27.

The Independent UK

Scottish child payment increase ‘falls short’, says poverty action group

Tuesday’s Scottish Budget revealed the Scottish child payment will rise to £40 in 2027-28.

Evening Standard

Still ‘glaring gap’ in childcare support despite Budget help, says young mother

Millie Holroyd urged ministers to do more to help families deal with the pressures of caring for young children.

Evening Standard

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‘Brighter future’ ahead for Scots under Budget plans, claims Shona Robison

The Scottish Finance Secretary has unveiled her draft tax and spending plans for 2026-27.

Evening Standard

More than 5,000 pubs facing sharp business rate hikes as tax valuations double

It comes after weeks of criticism from pub bosses, industry chiefs and politicians over changes to business rates in the Budget.

Evening Standard

NHS overspending by £164m a year on ADHD, report reveals

A think tank report reveals spending on ADHD services is estimated to reach £314m by April 2026 - more than double the annual budget

The Independent UK

SNP faces last-minute pleas ahead of final Budget before election

The Finance Secretary faces calls from parties, charities and business leaders ahead of Tuesday’s Budget.

Evening Standard

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More than 2000 hospitality businesses 'set to close this year'

Business rates bills for many set to shoot up in April following Budget announcement

Evening Standard

Swinney will still ‘work very hard’ to win backing for Scottish Budget

While Labour has already indicated it will not block the Scottish Budget, the First Minister said his Government is still in talks with other parties.

Evening Standard

Labour ‘not in strong negotiating position’ over Budget, says Sarwar

Scottish Labour MSPs are expected to abstain on the Budget, effectively allowing it to pass.

Evening Standard

My New Year wish list to get London's housing market back on its feet

Certainty on property taxation is key to bringing stability – unlike in 2025

Evening Standard

Pubs handed a lifeline as Reeves set to U-turn on plans to scrap business rate relief

Exclusive: The chancellor is set for another major U-turn after coming under pressure from Labour MPs

The Independent UK

House prices: What experts say will happen in 2026 after another fall in December

Consecutive months of price drops were a result of Budget uncertainty

The Independent UK

FTSE 100 smashing through 10,000 mark hailed by Rachel Reeves as vote of confidence in UK economy

The optimistic news came as Labour is hoping for economic growth ahead of crunch local elections in May

Evening Standard

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Evening Standard

‘Softer’ end to 2025 for UK housing market as prices fell by 0.4 per cent in December

Nationwide Building Society said it expects housing affordability to improve gradually, with income growth outpacing house price growth

The Independent UK

Experts issue verdict on potential winners and losers in 2026 housing market

First-time buyers will remain a "driving force" on the property ladder, experts say

Evening Standard

‘Bottom-up’ recovery predicted for housing market in 2026 as activity returns

The market will ‘look and feel very different’ depending on where people live and the type of home they are looking to sell or buy, an expert said.

Evening Standard

Celeb hairdresser bans Labour MPs from his west London salon in protest over Budget

Michael Van Clarke has joined hundreds of other businesses in the protest

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Evening Standard

Mecca Bingo owner Rank hit by £6.2m payment fraud in Spanish arm

The casino and bingo hall firm has reported the matter to the local police and has launched its own internal investigation.

The Independent UK

Why this year’s ‘Boxing Day bounce’ could be the perfect time to find your new home

The day after Christmas is traditionally one where interest in moving spikes - and this year looks more favourable than usual

The Independent UK

Reeves says tax rises are ‘less necessary’ after Budget

IN FULL

Evening Standard

‘Little Christmas cheer’ for Reeves as borrowing figures higher than forecast

A borrowing figure of £11.7 billion last month was higher than the £10 billion expected.

Evening Standard

Interest rates reduced to near three-year low but further cuts a ‘closer call’

Economists think the pace of interest rate cuts will slow next year as the Bank gets closer to what it deems a ‘neutral’ rate.

Evening Standard

Bank of England cuts interest rates to near three-year low

The Bank’s Monetary Policy Committee voted to reduce rates from 4% to 3.75%.

Evening Standard

Boost for Reeves as inflation drops to 3.2% in November

Bigger than expected drop opens the way for an interest rate cut from the Bank of England

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