The Latest Breaking News from Budget

The Government increased the cap on single bus fares for most routes from £2 to £3 on Wednesday.

It comes after official figures pointed towards an uptick in insolvencies at the end of this year.

The new team at the helm of France’s economy will need to begin work immediately on passing a 2025 budget, which has been in limbo since the National Assembly rejected the belt-tightening proposal from former Prime Minister Michel Barnier, which led to the toppling of his government.

Retail footfall was 11.4% down on last year over the final full week before Christmas, according to Rendle Intelligence and Insights.

The Budget hike to employers’ national insurance is ‘exacerbating an already tepid demand environment’, the CBI warned.

After Rachel Reeves’s controversial Budget, the Confederation of British Industry warns the economy is ‘headed for the worst of all worlds’

The Tory leader has attached herself to the former Top Gear presenter’s campaign against Labour’s decision to scrap agricultural property relief

Economists expected blowout in this year’s mid-year budget update, but the government has unveiled a smaller deficit (with the blowouts coming later).

Official figures showed regular earnings growth rose by more than expected, to 5.2% in the three months to October.