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Budget

UK Budgets, Spring Statements and fiscal events from HM Treasury.

Housing Market · Explainer

Budget landlord property tax changes: 22% rate from April 2027

Landlord tax allowance changes are limited, but new property rates of 22%, 42% and 47% from April 2027 will raise rental income tax and trim property investment returns.

Anthony Ivahand · · Confirmed
Aerial view of a suburban residential area with rows of terraced houses and green spaces
Local Councils · Explainer

Newcastle City Council job cuts 2026: up to 121 posts at risk

Up to 121 posts at Newcastle City Council could be affected, up from around 75 first planned, as it faces a budget gap of more than £40m over three years, according to Hits Radio.

Agatha Ives · · Confirmed
Newcastle Civic Centre, the headquarters of Newcastle City Council
Housing Market · Explainer

ISA withdrawal tax clawback rules UK: where charges really apply

Taking money out of most ISAs costs nothing in tax, but Lifetime ISAs carry a 25% charge and new rules take effect from 6 April 2027. Here is the ISA withdrawal mistake HMRC rules actually penalise.

Anthony Ivahand · · Confirmed
Pink piggy bank surrounded by scattered gold coins on a plain background
Renting · Data

London room rental costs 2026: inner London hits £1,002 a month

Inner London room rents are £1 short of their record, SpareRoom says, as supply falls. We compare London postcodes, UK room rental prices by region and what it means for your budget.

Anthony Ivahand · · Reported
£1,002 Average inner London room rent a month, Q3 2026
Westminster · Policy

UK regional innovation funding 2026: established mayors to get devolved R&D budgets from 2028

The Prime Minister has announced £1bn for innovation clusters and devolved R&D budgets for established English mayors from 2028. The regional growth funding announcement comes ahead of this month's Budget.

Agatha Ives · · Confirmed
Chemistry and Biochemistry Building at Montana State University exterior view
Benefits & Pensions

Access to Work: claimant says her award was cut by 85% as DWP cites rising demand

One disabled worker says her Access to Work grant has fallen by 85%, and that there is no formal appeal beyond a single reconsideration. The DWP says demand has grown sharply and nearly 500 extra staff are clearing a backlog.

Alexander Ingram · · Reported
A group of people in wheelchairs sitting around a table together
Local Councils

BCP Council budget crisis: £38m gap and cuts ‘highly likely’

BCP Council's forecast £38m budget gap for 2027/28 could bring council tax rises, service cuts and asset sales unless government steps in, its cabinet member for finance says.

Agatha Ives · · Corroborated
Bournemouth seafront showing beachfront buildings and promenade
Housing Market · Explainer

First home scheme deposit requirements await October Budget clarity

The new first-time buyer deposit help scheme would cut deposits to 2.5% on new-builds, but LSL warns some buyers may wait for Budget detail before acting.

Anthony Ivahand · · Corroborated
Brown brick residential building with white wooden door, blue-framed windows and potted plants
High Street & Retail

Budget 2026: Tesco chief urges Chancellor to exempt retailers from higher rates on large properties

Tesco chief executive Ken Murphy has urged the Chancellor to exempt retailers from higher business rates on large properties, while John Lewis chair Jason Tarry criticises possible warehouse levy proposals ahead of the 28 October Budget.

Amy Irwin · · Corroborated
Business Reported.News
Westminster · Explainer

UK robotics investment: eight hubs to help businesses adopt tech

The government has launched eight hubs backed by £40m to help firms and public services adopt robotics. Whether small firms can afford it is the open question.

Agatha Ives · · Confirmed
Aerial view of a yellow and white harvesting machine working through rows of crops in a large field
Tax & HMRC

Bolt VAT appeal refused by Supreme Court over £190m bill

The Supreme Court has refused Bolt permission to appeal in its ride-hailing VAT ruling with HMRC, leaving an estimated £190m bill and raising questions over Uber's similar dispute.

Alexander Ingram · · Corroborated
Exterior of the UK Supreme Court building on Parliament Square
Local Councils · Explainer

Children’s social care costs for councils in England up about £1bn a year

Councils in England now spend £9.5bn a year on looked-after children, and the pressure is feeding into overspends. Here is what the figures show and what you can check locally.

Agatha Ives · · Confirmed
A bulletin board displaying handprints and writing
Collapses & Administrations

True Brit Entertainment enters administration, citing tough market

True Brit Entertainment, a film distributor that also co-financed British projects, has entered administration, raising questions for film workers and suppliers.

Amy Irwin · · Reported
The Imperial Venue, a historic cinema on West Green Road in Tottenham, London, England, opened in 1913.
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