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The Latest Breaking News on UK Treasury chief admits business tax rise could lead to lower than anticipated wages

UK Treasury chief admits business tax rise could lead to lower than anticipated wages

U.K. Treasury chief Rachel Reeves has conceded that wages may rise by less than previously thought as a direct result of her budget decision to increase a tax that businesses pay for their employees

The Independent UK

NHS workload will ‘go up, not down’, Starmer warns after new health funding

The Prime Minister insisted he will help the health service deal with growing pressures.

Evening Standard

Labour Budget raises '£500 million question for Scotland', First Minister says

RACHEL Reeves’s Budget has left a “£500 million question” for Scotland, the First Minister has said ...

The National (Scotland)

From analysis to the latest developments in health,
read the most diverse news in one place.

Some Budget measures are welcome but others will ‘prolong agony’, warns Swinney

The First Minister said it is regretful the Chancellor had not scrapped the two-child limit on some benefits.

Evening Standard

'Some nerve': John Swinney and Russell Findlay clash during heated FMQs Budget debate

RUSSELL Findlay has been told he has “some nerve” by the First Minister during a heated debate on the Budget at FMQs ...

The National (Scotland)

Spending plans mean £9 billion of cuts after next year, economists warn

Economists have suggested Labour’s longer-term spending plans are ‘extremely challenging’ and do not rule out a return to austerity.

Evening Standard

OPINION - The Standard View: Labour's National Insurance raid will hit "working people"

It was not all that long ago the Labour Party was campaigning for government, promising to prioritise economic growth, and reassuring voters that vast tax rises were not necessary. Yesterday’s Budget put paid to that.

Evening Standard

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Rachel Reeves may need extra £9bn to avoid cuts to public services, says IFS

Institute for Fiscal Studies says chancellor may have to revisit tax plans to avoid real-terms cuts in some areas

The Guardian - UK

Latest rise in London rough sleeping branded ‘shameful’

New rough sleepers accounted for 49% of all rough sleepers between July and September, according to the Combined Homelessness and Information Network.

Evening Standard

Ed Davey: care sector will be ‘pushed to brink’ by national insurance hike and should be exempt

Lib Dem leader says rise in employers’ contributions risks worsening NHS crisis

The Guardian - UK

Budget 2024: what the UK papers said about Rachel Reeves’s statement

Headlines featured numerous ‘nightmare’ allusions for budget delivered the day before Halloween

The Guardian - UK

Reeves’s £40bn tax rises will boost growth ‘sustainably’, says IMF

Rare intervention comes as Resolution Foundation says UK will remain ‘stagnation nation’ despite push to invest

The Guardian - UK

Extra Budget cash for Scotland will not see two-child cap axed, Robison suggests

The Scottish Finance Secretary also appeared to indicate the money will not be used to restore universal winter fuel payments to pensioners.

The Independent UK

Lower pay rises likely as result of Budget tax increases, Rachel Reeves admits

Tax rises in the Budget are likely to hit workers in the pocket with lower pay rises, Rachel Reeves has admitted.

The National (Scotland)

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The Guardian - UK

‘There will be consequences’: budget may mean smaller pay rises, says Reeves

Increase in employers’ national insurance contributions will affect businesses but is projected to raise £25bn

Evening Standard

Budget 2025: London housing winners and losers

A bland budget for some and toxic unintended consequences for others – but what does Rachel Reeves’ first fiscal statement mean for you?

Evening Standard

Lower pay rises likely due to Budget tax rises, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could impact wage growth for workers.

The Independent UK

Lower pay rises likely due to Budget tax increases, Rachel Reeves admits

The Chancellor acknowledged her decision to raise national insurance contributions for employers could affect wage growth for workers.

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news in one place.

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Evening Standard

Millions of workers to see £600 pay rise hit from National Insurance hike on businesses, says Budget watchdog

The Office for Budget Responsibility stressed three quarters of the rise in National Insurance on employers would ultimately feed through into lower wage increases for employees

Evening Standard

Replacement Bakerloo line trains can be 'explored' thanks to Budget, says Sadiq Khan

Mr Khan said the Budget was ‘the best’ he’d heard as mayor, but critics say he has ‘quietly dropped’ his biggest asks

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