Barnier French Budget

Treasury should have told us about overspend by law, says OBR

Richard Hughes, chair of the Office for Budget Responsibility, says officials have questions to answer as to why details of an overspend were not shared.

Clashes over budget could push Germany’s ailing coalition to collapse

With contradictory proposals unlikely to mesh, leaders to decide whether there is scope for alliance to continue. When, in 2021, Olaf Scholz’s Social Democrats went into a “traffic light” coalition ...

World - The Guardian - November 6

JD Wetherspoon warns of near-£60mn jump in taxes and costs following UK Budget

Pub chain says rise from higher taxes and NI contributions will fuel inflation

World - Financial Times - November 6

Graham: Use budget reconciliation to bypass filibuster and pass border security legislation

Sen. Lindsey Graham (R-S.C.), one of President-elect Trump’s strongest allies in the Senate, is calling on Republicans to advance ambitious economic and border security legislation through Congress ...

Politics - The Hill - November 6

BT says UK Budget will lift costs by £100mn as it lowers revenue guidance

Chief executive Allison Kirkby calls increase a ‘new inflationary pressure that we need to suffer in our business’

World - Financial Times - November 7

Sainsbury's and M&S warn Budget may push up prices

A number of major firms have warned over the impact of higher National Insurance costs.

Will women be the big losers from Rachel Reeves’ first Budget?

National insurance increases will push up the cost of childcare and hit lower-paid part-time jobs

World - Financial Times - November 8

The Entertainer blames Budget tax rise for axing new shops

The toy retailer says higher costs have hit expansion and led to a hiring freeze at its head office.

Asda boss Stuart Rose warns Budget threatens hiring and pay rises

Retail veteran is latest business leader to criticise moves including changes to national insurance

Business - Financial Times - November 8

Greggs shares fall as analysts predict near-£100mn Budget hit

Low-cost bakery chain has not yet commented on impact but retailers warn that measures will hurt