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HM Treasury

The government’s economic and finance ministry, responsible for Budgets and fiscal policy.

Westminster · Policy

UK flooding and drought resilience taskforce to meet on 14 October

A new Flood and Drought Resilience Taskforce meets on Wednesday, bringing more than 50 organisations together on water risk. Sky News understands it has no new powers.

Agatha Ives · · Confirmed
A sophisticated flood gate on the Erewash Canal near a bridge, part of Environment Agency flood defence systems.
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
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
Housing Market · Explainer

Lifetime ISA withdrawal penalties: what first-time buyers pay

A 25% charge applies to unauthorised Lifetime ISA withdrawals. Here are the early withdrawal rules, the cost in pounds, and how to avoid the charge when buying a first home.

Anthony Ivahand · · Confirmed
A person holding a clear glass jar filled with coins, with a 'Savings' label visible on it
Electric Vehicles · Explainer

Pavement EV charging for renters and flat dwellers: what to know

If you rent or live in a flat without a driveway, on-street charging is growing across England. Here is what it could mean for your costs and your next steps.

Alex Ivy · · Reported
An electric car plugged into an outdoor charging station
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
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
Driving Rules & Fines · Explainer

DVLA over-70s mandatory eyesight test: what was proposed

Reports of DVLA over-70s mandatory test rules rest on a Department for Transport consultation on eyesight checks at licence renewal that closed in May 2026. It was a proposal, not law, and not a driving test.

Alex Ivy · · Confirmed
Pair of eyeglasses held up in front of an eye test chart
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
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
Housing Market · Policy

Stamp duty reform for first-time buyers: ministers target delays

The government's homebuying package targets delays and collapsed sales, not stamp duty allowance changes. The tax itself is untouched in the announcement.

Anthony Ivahand · · Confirmed
View through a window of a suburban house with driveway and parked car
Driving Rules & Fines · Explainer

Clocks go back 25 October: darker drives and what UK drivers need to know

The clocks go back one hour on Sunday 25 October, bringing darker evening drives. No new driving law takes effect that day, but safety checks matter now.

Alex Ivy · · Corroborated
A vehicle with headlights on driving on a dark road lined with trees on both sides
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