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The Latest Breaking News from Budget

Rate of business closures in the UK falls to lowest level since 2016

Data from the Office for National Statistics reveals around 280,000 businesses across the UK closed in 2024, down from 310,000 in 2023.

Evening Standard

Government urged to review farming inheritance tax plans after Commons vote

Backbenchers argued the measure failed to tackle "abuse by the celebrities and the billionaires" who buy farmland to avoid paying a full inheritance tax bill

The Independent UK

The jury is still out on David Lammy’s ‘swift court’ reforms

THE INDEPENDENT VIEW: Editorial: The lord chancellor is right to adopt urgent measures to tackle a court backlog that is ruining lives and depriving so many of justice – but even if it takes years, the general presumption of a basic right to trial by jury must be restored

The Independent UK

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Labour warned of fresh economic hit as Brexit accelerates high-skilled ‘brain drain’ from UK

‘None’ of the Labour chancellor’s measures will ‘have a material effect’ on growth, Richard Hughes, the chair of the OBR, has said

The Independent UK

Budget crisis engulfs Rachel Reeves as OBR watchdog slams Treasury briefings

The leading economists also predict that interest rates will fall from 4% to 3.5% by the second quarter of 2026

Evening Standard

Government drafts in new violence against women and girls adviser amid fears it will miss its target

Exclusive: Labour MP Jess Asato has been drafted in to lead a major overhaul of the NHS’s response to violence against women and girls – just days after Refuge branded the chancellor’s Budget a ‘profound disappointment’ to survivors

The Independent UK

UK Government was ‘digging its own black hole’ before Budget, says Flynn

The Chancellor has been accused of misleading the public ahead of the Budget.

Evening Standard

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Annual house price growth slowed in November – Nationwide Building Society

The increase in taxes on income from properties may dampen the supply of new rental properties coming onto the market, the society said.

The Independent UK

Annual UK house price growth slowed in November and 'affordability likely to improve'

The increase in taxes on income from properties may dampen the supply of new rental properties coming onto the market, the society said

Evening Standard

Starmer: We have to work with China – even if it threatens national security

The prime minister used his Mansion House speech to defend a ‘thawing’ of relations with Beijing – potentially laying the groundwork for a controversial new super embassy to be given approval

The Independent UK

OBR chairman resigns over Budget leak

Richard Hughes has served as chairman of the Office for Budget Responsibility since 2020 and was reappointed to the job in July.

The Independent UK

OBR chief Richard Hughes resigns amid growing chaos over Budget as PM defends Chancellor

Treasury minister James Murray told the Commons that the Government backs a ‘deeper forensic investigation’ into previous Office for Budget Responsibility (OBR) disclosures

Evening Standard

Starmer says there was ‘no misleading’ by Chancellor ahead of Budget

Rachel Reeves has also reportedly been accused of misleading the Cabinet.

Evening Standard

Did Rachel Reeves lie to justify her £26billion Budget tax raid?

The Chancellor is facing calls to resign over misleading the public and Cabinet minister over the state of Britain’s finances

Evening Standard

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The Independent UK

Best savings accounts before interest rates are cut pre-Christmas

Make sure your cash is working hard for you and earning interest

The Independent UK

UK leader Keir Starmer backs his Treasury chief over claims she misled the public about the economy

British Prime Minister Keir Starmer has defended his Treasury chief Rachel Reeves against claims she misled the public about government finances before last week's tax-hiking budget

The Independent UK

Three former Tory MPs defect to Farage’s Reform

One says he believes the Conservative Party has ‘lost touch with the people it was meant to serve’

Evening Standard

Pint of beer price to rise in London pubs clobbered by Reeves on tax, business rates and staff pay hike

London MPs criticised the growing burden being placed on the hospitality sector by the Chancellor

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The Independent UK

OBR chairman resigns after damning report into leak of Reeves’ Budget - latest

The report said the leak was ‘the worst failure in the 15-year history of the OBR’

The Independent UK

Blow for Reeves as business confidence at near record low after Budget

Labour chancellor under pressure to do more to improve the prospects for economic growth

Evening Standard

Half of young investors ‘check accounts at least once a day’

Nearly three-quarters of 25 to 34-year-olds said they are active investors, according to a survey for HSBC UK.

The Independent UK

A return to Budget purdah would be no bad thing for Labour

THE INDEPENDENT VIEW: Editorial: Reeves is no liar, but Labour should never have made that untenable tax pledge in their manifesto

The Independent UK

Defiant Starmer to defend Budget after Reeves forced to deny lying about black hole to justify tax hikes

Calls for multiple investigations following accusations that the chancellor misled the public

Evening Standard

Starmer signals fresh push on welfare reform in bid to move on from Budget row

The Prime Minister will make the case for a welfare system shake-up after the axing of the two-child cap in the Budget was welcomed by Labour MPs.

The Independent UK

Your Party reveals new name after months of indecision and confusion

Members were told to choose between Your Party, Our Party, Popular Alliance and For The Many

1 … 4 5 6 7

People

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