🚨 EXCLUSIVE: Manchester United sack Ruben Amorim as head coach. 40yo Portuguese informed of decision & goes with immediate effect after 14 months following breakdown in relations. Darren Fletcher expected to take over #MUFC on interim basis @TheAthleticFC https://t.co/kEAu5Wv8F7
🚨 SUMMARY: Rachel Reeves’ second Autumn Budget
TAX RISES - £26bn
- Income tax thresholds frozen until April 2031 (£8bn)
- Pension salary sacrifice capped at £2k a year for employee and employer contributions (£4.7bn)
- Plan 2 student loan repayment threshold frozen for 3 years from April 2027
- 20% VAT applied to Uber, Bolt and other private hire rides after loophole closed
- 3p per mile tax on electric vehicles from 2028
- New council tax surcharge on homes over £2m and £5m from 2028
- Big rise in gambling taxes including Remote Gaming Duty rising from 21% to 40% and a new 25% online betting duty - horse racing and in person betting not affected
- £925 levy added to overseas student fees to fund maintenance grants
- Packaged milkshakes and lattes added to the sugar tax from 2028 with the threshold lowered to 4.5g per 100ml
- Motability tax breaks removed, so users pay VAT on upfront payments and tax on insurance for higher value vehicles
- Dividend tax rates rise by 2 percentage points from April 2026
- Property income taxed at 22% basic, 42% higher and 47% additional rates
- Customs duty added to all low value online imports once relief is scrapped
- Savings income tax rises by 2 percentage points from April 2027 for all taxpayers
- CGT relief for Employee Ownership Trusts cut from 100% to 50%
- Business investment relief reduced as writing down allowance falls from 18% to 14% from April 2026
- Air Passenger Duty extended so private jets over 5.7 tonnes pay the higher rate
- Carbon charges extended to international shipping through the Emissions Trading Scheme from 2028
- Landfill Tax increased, with both the lower and standard rates rising each year
-Tax relief for unreimbursed homeworking costs scrapped
- New tax charge on employers extracting surpluses from defined benefit pension schemes
- HMRC anti-avoidance and compliance crackdown
- Class 2 National Insurance shut off for people living abroad, ending access to the cheap overseas rate for maintaining UK benefit rights, with tougher eligibility checks for voluntary Class 3
PERSONAL / GOVERNMENT SAVINGS:
- Annual cash ISA limit cut from £20,000 to £12,000 from April 2027 to encourage people to invest in stocks and shares - only for under 65s
- Lifetime ISA consultation next year on introducing a new product for first time buyers to use
- Government departments ordered to deliver £2.9bn savings in 2028–29, rising to £4.9bn in 2030–31
- Police and Crime Commissioners abolished and councillor numbers cut by around 5,000, saving £250m over five years
- £74m reclaimed from asylum accommodation suppliers after overpayments
- Fraud crackdown across tax and benefits to raise £1.3bn in 2030–31
- Strategic Asset Review and asset-efficiency drive to extract £1bn of value by 2030
PAY, BENEFITS AND PENSIONS:
- National Living Wage rises to £12.71 from April 2026; 18–20s to £10.85; 16–17s and apprentices to £8.00
- Two-child benefit limit scrapped from April 2026, lifting 450,000 children out of poverty
- Universal Credit to rise by 6%
- Universal Credit health element reformed from April 2026, tightening the Severe Conditions Criteria so fewer people automatically qualify for the higher-rate support
- Working-age benefits rise 3.8% from April 2026
- Help to Save scheme extended and expanded past 2027
- From Jan 2027, pre-1997 pensions in the PPF and FAS get annual CPI increases capped at 2.5%
HOUSEHOLD BILLS AND HOUSING:
- £150 average cut to energy bills from April 2026 via shifting Energy Company Obligation (ECO) costs off bills
- Warm Home Discount expanded to cover 3 million more households
- Warm Homes Plan funding increased (hundreds of millions across 2026–29)
- Grant scheme launched for land remediation and water clean-up using water company fines
TRANSPORT:
- Rail fares frozen for one year from March 2026
- 5p fuel duty cut extended until Aug 2026, then phased reversal (1p in Sept 2026, 2p in Dec 2026, 2p in Mar 2027)
- Fuel duty inflation rise cancelled for 2026–27
- Lower Thames Crossing receives £890m investment
- £2bn to local authorities to repair potholes annually by 2029-30
SMOKING AND ALCOHOL:
- Tobacco, vaping and alcohol duties to rise with inflation
NHS:
- 250 new Neighbourhood Health Centres announced, with 120 open by 2030 - early sites in Birmingham, Barrow-in-Furness, Truro and Southall
- £300m extra capital investment for NHS technology
- 5.2 million more appointments delivered since the start of Parliament due to existing investment
- NHS prescription charges frozen for one year at £9.90
UK DEBT, INFLATION AND ECONOMIC GROWTH:
- Borrowing will fall from 4.5% of GDP in 2025–26 to 1.9% by 2029–30
- UK projected to have the second-fastest growth in the G7 and to cut borrowing more rapidly than any G7 country
- Budget measures will cut inflation by 0.4 percentage points next year - the largest non-crisis reduction ever recorded by the OBR
- Growth forecast for 2025 upgraded from 1% to 1.5%
- Inflation predicted to average 3.5% this year, before falling to 2.5% next year, and returning to the Government's 2% target in 2027
- One fiscal event per year is now law, with the OBR doing one annual assessment
OTHER:
- Business rates change from April 2026: both tax rates are being cut (small business rate from 49.9p to 43.2p, standard rate from 55.5p to 48p), which means most businesses will pay less, though a few with sharply higher property values may still see increases
- Plastic Packaging Tax to rise with inflation with new certification rules, requiring stricter independent proof that recycled content is genuine
- £5 million to increase book supplies in state-funded secondary schools and £18m for 200 new playgrounds across England
- Investment to refurbish 200 playgrounds across England
- £4.7bn into new prisons between 2026-27 and 2029-30
- Youth Guarantee given £425m funding, expanding work placements and training for 18 to 21-year-olds
- Devolved nations get £1.7bn extra, with Scotland, Wales and Northern Ireland receiving additional funding through Barnett consequentials
🚨 BUDGET: Summary of the leaked OBR report before the Budget
- Income tax and National Insurance thresholds frozen for an additional three years until 2029-30
- Pension salary sacrifice capped at £2k a year for employee and employer contributions from 2029
- New 3p-per-mile-tax on electric vehicles from 2028
- Mansion tax from 2028 on homes over £2m
- Two child benefit cap to be lifted from April 2026
- Gambling tax changes including a rise in Remote Gaming Duty and a new General Betting Duty, worth £1.1bn
- Freeze student loan repayment and interest rate thresholds for three years from 2027-2028
- Dividend taxes up by 2 percentage points for basic and higher rate taxpayers
- Fuel duty frozen for another 5 months before being increased in stages from September 2026
Wayne Rooney competed for a Spot in United’s team against RVN & Louis Saha + others
But people are telling me it’s not fair on Kobbie that he has to compete for his place vs Bruno Fernandes and him going on loan is the right choice instead of fighting 🤔
This club is dead 💀😭
🚨 EXCLUSIVE: Manchester United reach agreement with Brentford to sign Bryan Mbeumo. Deal between clubs struck at £65m guaranteed + up to £6m add-ons. 4 instalments. 26yo forward only wanted #MUFC & move from #BrentfordFC now being finalised @TheAthleticFC https://t.co/bnY5b2bt9r