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The Morning Brief
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Budget

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

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.
High Street & Retail · Explainer

Empty shop grants of up to £5,000 offered in Oswestry

Oswestry is offering up to £5,000 to businesses that take on long-empty units. Rotherham and a £10m hospitality fund also support bringing vacant property back into use, but there is no single national scheme.

Amy Irwin · · Confirmed
A quiet British high street with period buildings, some appearing closed or vacant, representing a typical town centre
High Street & Retail · Data

UK retail footfall falls 2.9% in September as Budget and Christmas near

After a 2.9% fall in September footfall, the BRC and John Lewis have set out tax asks for the Chancellor ahead of the 28 October Budget, as Christmas trading nears.

Amy Irwin · · Corroborated
-2.9% UK retail footfall, September, year on year
Renting · Data

UK rental market demand surge: tenant demand up third month

RICS surveyors report tenant demand growing for a third straight month while landlord instructions stay weak. Official figures show UK rental prices rising 3.5% a year.

Anthony Ivahand · · Reported
£1,381 Average UK monthly private rent, April 2026
High Street & Retail · Explainer

Online sales tax plan could cut high street business rates

A think tank says a 2% levy on large retailers' remote sales could raise £1.5bn to cut business rates for shops, pubs and restaurants. Ministers have not backed it.

Amy Irwin · · Corroborated
A row of shops on a British high street with various storefronts visible
Scotland, Wales & NI · Explainer

Welsh Government adds £294m in supplementary budget, including £145m for NHS and £55m for childcare

The first supplementary budget of the new Welsh Government adds £294m, including £145m for the NHS and £55m towards childcare. Here is what the Wales NHS funding increase 2026 means for you.

Agatha Ives · · Confirmed
The Senedd building in Cardiff Bay, Wales, a modern curved structure on the waterfront.
Local Councils · Explainer

Council tax 2027-28: Hammersmith & Fulham weighs a 150% rise in its share of bills

Hammersmith & Fulham is considering raising its element of council tax by up to 150%, and other boroughs want big increases, but most households face a 5% cap. Here is who is affected and what you can do.

Agatha Ives · · Confirmed
Hammersmith Town Hall, a Victorian civic building in West London
Westminster · Explainer

UK digital bonds: first digital gilt, DIGIT, expected by early 2027

The Treasury has named six banks for DIGIT, the first digitally native government bond. Here is how it works, when it is expected and what it means for savers.

Agatha Ives · · Confirmed
The HM Treasury building on Whitehall, London, a classical stone government office building.
Westminster

Chancellor weighs energy bills help for low income households

John Healey is reported to be considering a package worth over £1bn, mostly a bigger Warm Home Discount, as forecasts point to a further rise in the energy price cap in January.

Agatha Ives · · Confirmed
Politics Reported.News
Housing Market · Data

UK house prices September 2026: growth halves to 0.8%

House price growth slowing in 2026 is clear in Nationwide's September House Price Index, with annual growth halving to 0.8% as higher mortgage rates weigh on buyers.

Anthony Ivahand · · Corroborated
A row of red brick houses with white trim next to a residential road with fencing
Scotland, Wales & NI

Northern Ireland budget crisis 2026: ministers to hold urgent talks

Stormont ministers meet on Tuesday to settle a position as the budget stalemate enters its sixth month of the financial year. Public services run on contingency spending until a budget is agreed.

Agatha Ives · · Confirmed
Stormont Parliament Buildings, the seat of the Northern Ireland Assembly in Belfast
Housing Market · Policy

Stamp duty abolition: Tories renew pledge to scrap tax on main homes

The Conservative stamp duty policy would scrap the tax on main homes, while planning reform could cut new-build prices by up to £50,000, the party claims. The figure is untested.

Anthony Ivahand · · Corroborated
Official portrait of Katie Lam MP
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