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The Latest Breaking News from Budget

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

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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

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

Evening Standard

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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

The Independent UK

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

Evening Standard

Budget 2024: Five key tax takeaways at a glance

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

The Independent UK

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”.

The National (Scotland)

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."

Evening Standard

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...

The National (Scotland)

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

Evening Standard

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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”.

The National (Scotland)

Anas Sarwar: People will find Keir Starmer's doom and gloom 'refreshing'

ANAS Sarwar has said people will find Keir Starmer’s warning of a “painful” first Budget “quite refreshing”.

The National (Scotland)

Experts: 'Uncertainty' for Holyrood funding with UK cuts 'adding to pressure'

THE Scottish Government faces "considerable uncertainty" around its funding ahead of the upcoming Westminster Budget, independent economic…

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The Independent UK

Rachel Reeves admits she will raise taxes at the Budget

Rachel Reeves did not state what taxes would be raised at the Budget on 30 October

The National (Scotland)

Taxes will likely be raised in Autumn Budget – Rachel Reeves

TAXES will likely be raised in the Autumn Budget, Rachel Reeves has said ...

Dynamite News

"Lotus-shaped Chakravyuh has trapped India": LoP Rahul Gandhi on Union Budget

Drawing parallels from the Mahabharata, the Leader of Opposition, Rahul Gandhi, on Monday attacked the Bharatiya Janata Party over the Union Budget. Read further on Dynamite News:

The Canberra Times

Liberals, Greens agree: not enough in budget on cost of living

ACT budget dubbed a 'mixed bag' in early reaction.

The Guardian - UK

UK ‘fiscally offside’ by up to £60bn, Citi fears; house prices rise again – as it happened

Rolling coverage of the latest economic and financial news, as economist warns OBR productivity forecasts are much too optimistic

Evening Standard

Budget key points: What did Jeremy Hunt announce?

A National Insurance Cut and ‘British ISA’ were among the headline measures

Evening Standard

OPINION - Tax cuts in the Budget are a gamble — but what else has Jeremy Hunt got in his locker?

Budgets resemble the old French saying about taxation — the aim is to produce the maximum amount of fiscal feathers from the goose with the minimum amount of hissing. However, hissing is what a disgruntled and reactive Conservative party does best right now and the public-finance goose is a skinny,…

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