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REVEALED: 5 - The Real Truth

Budget watchdog finds £9.5bn shortfall in previous government’s spending plans

Rachel Reeves’ Budget on Wednesday afternoon sought to address a ‘black hole’ in finances.

The Independent UK

Reeves will use tax rises and increased borrowing to ‘invest, invest, invest’

Rachel Reeves is the UK’s first female chancellor and she will deliver a Labour budget for the first time since Alistair Darling in March 2010.

The Independent UK

Budget reaction LIVE: Starmer and Reeves defend record tax-rises on hospital visit

Working families with a mortgage face risk of a double blow of higher rates and wage growth slump

Evening Standard

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read the most diverse news in one place.

From capital gains to NICs: tax changes to look out for in autumn 2024 budget

Rachel Reeves will seek to close £40bn Whitehall spending gap with range of potential measures

The Guardian - UK

£3bn boost for armed forces expected as Reeves unveils Labour’s first Budget

Rachel Reeves will make history as the UK’s first female Chancellor when she delivers Wednesday’s Budget.

The Independent UK

Reeves pledges ‘more pounds in people’s pockets’ after warnings of tough choices

The Chancellor’s Budget is expected to focus on fixing the NHS, growing the economy and making people feel better off.

Evening Standard

Hunt accused of trying to ‘blame the referee’ over OBR ‘black hole’ review

Tory former chancellor Jeremy Hunt has written to the UK’s top civil servant about an Office for Budget Responsibility review of his spending plans.

The Independent UK

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Reeves hints at business rates reforms but declines to rule out fuel duty hike

The Chancellor also faced calls to reverse a cut to the winter fuel payment.

The Independent UK

Jeremy Hunt calls on government not to release OBR review into his spending plans

Former chancellor accuses Rachel Reeves of politicising Office for Budget Responsibility by release on budget day

The Guardian - UK

Farage and Reform ‘not the cause of Tory problems, but a symptom’, says Badenoch – as it happened

The Tory leadership candidate says the party churned out a laundry-list of promises instead of listening to members

The Guardian - UK

Gold price hits fresh record high, as bitcoin also rallies – as it happened

Analysts say gold is benefited from safe-haven demand amid persistent geopolitical tensions, expectations of monetary policy easing, and mounting uncertainty surrounding the US presidential election.

The Guardian - UK

Will bond vigilantes punish Rachel Reeves with a Truss-style market meltdown?

10-year gilt yields have risen in the past month but are within the range of other pre-budget periods

The Guardian - UK

Budget ‘most honest’ in years, Cabinet minister claims

Pat McFadden said Rachel Reeves’ first Budget will ‘end the fiscal fiction of things being announced which had no money set aside for them’.

Evening Standard

What the papers say – October 28

Here are the stories making headlines to start off the week.

The Independent UK

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The Independent UK

Hunt accuses Budget watchdog of political bias

Jeremy Hunt accuses the Budget watchdog of failing to be impartial since the Labour Party came into office

The Guardian - UK

OBR to publish breakdown of claimed £22bn ‘black hole’ on budget day

Former chancellor Jeremy Hunt says decision to publish findings of review on Wednesday is ‘significant concern’

The Guardian - UK

The long-awaited Labour budget needs to show the party knows what to do with power

A strategy of raising taxes, spending and borrowing all at the same time to fund investment has risks, but it has a logic too

The Independent UK

Reeves set to increase employers’ national insurance contributions

The measures will reportedly impact the private sector - with public bodies reimbursed by the Treasury

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Evening Standard

Starmer is a ‘working person’ says Chancellor as tax rise questions persist

The Government continues to be asked to pin down the term ahead of tax rises expected in next week’s Budget.

The Independent UK

Keir Starmer says stocks and shares owners ‘not working people’ in hint at capital gains hike

Chancellor Rachel Reeves is looking for around £40bn of tax hikes and spending cuts in her first Budget since entering the Treasury

Evening Standard

Budget 2024: Huge row erupts over Rachel Reeves 'raising mortgage rates' by borrowing billions

The clash over home loans erupted just days before the Budget on October 30

The Independent UK

No 10 climbs down on PM’s claim stocks and shares owners not ‘working people’

The Government has been asked repeatedly to define what a ‘working person’ is to establish which taxes could rise.

The National (Scotland)

Rachel Reeves confirms change to debt rule and warns of higher taxes ahead of Budget

Taxes and borrowing are both set to increase as Rachel Reeves signalled she would rewrite the way government debt is measured in her first Budget ...

Evening Standard

Budget 2024: Homeowners 'to be hit with high mortgage bills for longer' as Rachel Reeves borrows billions

The Chancellor is also set to announce a string of tax rises in the Budget on October 30

The Independent UK

Reeves confirms change to debt rule and warns of higher taxes as Budget looms

Chancellor Rachel Reeves insisted her first Budget would pave the way for improved public services and ‘rebuild our economy’.

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