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The Latest Breaking News from Budget

Reeves torpedoes Labour's manifesto in huge Budget tax gamble which could put Farage in No10

Commentary: The Chancellor has been so clear that she is going to torch the party’s manifesto tax promise that a U-turn now would stun Westminster

Evening Standard

Over 100 groups call for Labour to fully scrap two child benefit cap: ‘Do the right thing’

‘Abolishing the two-child limit in full will set millions of children’s lives on a path to a brighter future’, major organisations say

The Independent UK

Prime Minister could face leadership challenge after Budget, say Labour insiders

The Labour leader is increasingly concerned about his party’s dip in support which may result in serious losses at next year’s local elections

Evening Standard

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Jet2 boss urges Chancellor against raising travel tax ahead of Budget

Exclusive: ‘People want to be looked after, forget about daily life, and just relax,’ says CEO Steve Heapy

The Independent UK

Voices: The UK used to proudly lead the world on international aid – now we don’t save lives that we should

COMMENT: The £150m cut to the UK’s contribution to the Global Fund to Fight Aids, Tuberculosis and Malaria is a mistake, writes MP Fleur Anderson. But the upcoming Budget is a chance to change course

The Independent UK

House Budget Chairman Jodey Arrington announces retirement - Roll Call

Republican Rep. Jodey C. Arrington of Texas won’t seek reelection in 2026, closing out a tumultuous run as House Budget chairman.

Roll Call

Autumn Budget: Timeline of key economic data before November 26

Key datasets are due to be published in the run up to Rachel Reeves’s statement.

Evening Standard

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Keir Starmer hints he could scrap two-child benefit cap in Budget

The prime minister said his government will be ‘taking a number of measures’ to tackle child poverty

The Independent UK

Unemployment rate hits highest outside Covid years for almost a decade

Experts said the weaker-than-expected figures reinforce the case for the Bank of England to cut interest rates next month.

Evening Standard

Jobless rate hits highest since Covid in blow to Reeves before Budget

The ONS said the unemployment rate rose to 5% in the three months to September

The Independent UK

Please Rachel, put businesses out of their misery and get on with the Budget

Businesses are paralysed by fear about costs, tax and the future. The economy is in suspension.

Evening Standard

Rachel Reeves hints at lifting two-child benefit cap at Budget

The chancellor said it was important not to let the ‘costs to our economy in allowing child poverty to go unchecked’

The Independent UK

Business news live: Brits expected to spend up to £9.5bn across Black Friday to Cyber Monday sales

Stock market news plus latest business and personal finance updates from Monday

The Independent UK

Reeves to hammer London and South East with 2.8m facing Budget blow from 2p income tax rise

The Chancellor has been hit by a Labour revolt over breaking the party’s manifesto by raising income tax

Evening Standard

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Evening Standard

Co-op to open or refurbish dozens of stores amid cyber attack recovery

The retailer said 50 stores will be opened or re-opened by Christmas as it urged the Government to reform business rates.

The Independent UK

Co-op to open 50 stores by Christmas in £200m investment

The retailer will open five new micro-format ‘on the go’ stores and a new franchise store at Lancaster University

Evening Standard

Shona Robison may ‘potentially revisit’ Scottish taxes in response to UK Budget

The Finance Secretary said the Scottish Government had a ‘very limited’ set of levers to respond.

Evening Standard

Scottish Finance Secretary requests urgent meeting with Chancellor before Budget

Shona Robison has asked to meet Rachel Reeves where she will set out her three tests for the upcoming Budget.

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The Independent UK

How could Rachel Reeves increase income tax in her Budget – and what would it mean for you?

Chancellor reportedly tells watchdog she intends to increase personal tax in one of several ‘major measures’ planned for Budget at end of month

The Independent UK

Starmer ‘facing plots to oust him’ as Labour welcomes back rebel MPs

Conversations around Keir Starmer’s future have reportedly increased in recent weeks, amid continued turmoil in the government

The Independent UK

UK looks to Denmark to shake up immigration system – one of the toughest systems in Europe

A delegation of senior Home Office officials were sent to Copenhagen last month to learn about their interventions and draw lessons that could be applied to the UK, it is understood

The Independent UK

Employee pension contributions ‘to be targeted in Budget’

IN FULL

The Independent UK

Starmer reportedly facing plots to oust him as Labour welcomes back rebel MPs

New intake of Labour parliamentarians among those allegedly discussing mechanics of future coup

Evening Standard

Starmer said to be facing plots to oust him, as Labour welcomes back rebel MPs

The new intake of Labour parliamentarians are among those said to be discussing the mechanics of a future coup, according to reports.

Evening Standard

Take some green levies, not VAT, off bills to cut energy costs, Treasury urged

A package of measures could take £178 a year off bills and more than three times that amount for households renting draughty homes, think tank says.

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