The Latest Breaking News from Budget

A 42% surge in UK directors moving overseas and soaring costs for SMEs spark fears that Rachel Reeves's Budget could deepen Britain's growing business crisis.

COMMENT: From boy racers to ultra-processed foods and doomscrolling, Britain’s worst habits cost us dearly, says Sophie Wilkinson – why doesn’t the chancellor put levies on them before taxing us again?

The tax will reportedly apply to homes worth more than £2m and could raise up to £450m for the Treasury

The Cabinet minister admitted that in recent years doctors, entrepreneurs as well as billionaires had left the country

The Chancellor will reportedly hit homeowners with properties worth more than £2million with a levy that could raise £400-£450 million

Government borrowing for the current financial year is the highest on record outside the Covid-19 pandemic.

THE INDEPENDENT VIEW: Editorial: Britain deserves more than mixed messaging and policy drift. After weeks of premature proposals, the chancellor must deliver a Budget that provides the confidence and coherence so far lacking in both her stewardship and Labour’s broader economic direction

Transport Secretary Heidi Alexander declined to deny that the Chancellor is planning a pay-per-mile scheme for electric vehicles.

After a bruising few years, the country’s pubs are preparing for the Budget and say they cannot afford more bad news, Dan Haygarth reports

The Chancellor promised train passengers would “not pay a penny more” next year on season tickets, peak returns for commuters and off-peak returns between major cities

Reeves faces employer backlash over a rumoured raid on salary sacrifice schemes