Business

The chancellor cannot rule out more tax rises in the next five years, despite raising the burden to its highest level since comparable records began.

The 2024 Autumn Budget in one word? Big.

Fuel duty will remain frozen for another year as increasing the tax "would be the wrong choice for working people," the chancellor has said.

In the lead up to this week's budget, the government has been criticised for strongly hinting at a number of policies coming down the pipeline.

More tax, more borrowing, more spending. This was a big budget by every measure, but will loom largest for businesses that will bear the brunt of the revenue raising.

Chancellor Rachel Reeves has finally unveiled the budget for 2024. Here are the key points:

Taxes will increase by £40bn - and the lion's share will come from a £25bn rise in employers' national insurance contributions, the chancellor announced in the budget.

Britain's four biggest supermarkets could see their collective tax bill rise by close to £500m after Rachel Reeves augmented her raid on employers' national insurance contributions (NICs) with bigger-than-expected changes to the threshold at which companies start paying it.

The chancellor has finished a statement she's waited a long 16 weeks to deliver - which she claims will start to deliver the change people voted for. But at quite a price.

Nearly 20 additional Cineworld cinemas are facing the threat of closure next month amid crunch talks with landlords.