Summary

  • Transport Secretary Heidi Alexander says the UK is facing a "very challenging global economic environment" ahead of the chancellor's Autumn Budget- watch live

  • On the newly-announced freeze on regulated rail fares, Alexander says "over a billion journeys" will benefit from the scheme next year

  • Shadow chancellor Mel Stride and Green Party leader Zack Polanski will also be on the show a little later on

  • This week, we won't be providing regular text updates

  1. Fear and scepticism as Reeves prepares for her big Budget momentpublished at 08:51 GMT

    Laura Kuenssberg
    Presenter, Sunday with Laura Kuenssberg

    If you feel like this Budget has been going on for ages, you'd be right.

    Not just because by one senior MP's count, 13 different tax proposals have already been floated by the government in advance of the final decisions being made public.

    Or because of an ever-growing pile of reports from different think tanks or research groups making helpful suggestions that have grabbed headlines too.

    But because the budget process itself has actually been going on for months. Back in July, Rachel Reeves had the first meeting with aides in her Treasury office to start the planning.

    She wanted to start by working out how to pursue her top three priorities, which she scribbled down on A5 Treasury headed paper.

    That trio is what she'll stick to next week: cut the cost of living, cut NHS waiting lists, and cut the national debt.

    Reeves's team is confident the chancellor will be able to tick all three of those boxes on Wednesday. But there is deep fear in her party, and scepticism among her rivals and in business, that instead, Reeves's second budget will be hampered by political constraints and contradictions.

  2. The Autumn Budget - here's what we know so farpublished at 08:40 GMT

    Chancellor Rachel Reeves, a white lady with brown hair in a bob, stands outside Downing Street in a purple shirt and dark blue blazer holding a red briefcase.Image source, Getty Images

    We're just days away from Chancellor Rachel Reeves's Autumn Budget - let's take a closer look at what we can expect:

    Income Tax and National Insurance (NI)

    Chancellor Reeves has decided not to raise income tax rates, a move that had been widely expected.

    However, speculation remains that the chancellor could extend a freeze on income tax and NI thresholds beyond 2028-29 - BBC Verify explains this here.

    Pensions

    The chancellor is planning to raise about £2bn by limiting a tax break on pension contributions, the Times has reported.

    It suggested Reeves could put a £2,000 cap on the amount workers can put into their pensions under "salary sacrifice" schemes without paying NI.

    Property taxes

    Reports suggest the government is considering shaking up property taxes, including a proposal to make more landlords pay NI.

    Reeves is also planning to introduce a new tax on high-value homes, the Telegraph has said.

    What else?

    • The chancellor is considering a new tax on electric vehicles (EVs)
    • A limit on how much people can spend on a bike through the Cycle to Work scheme could be introduced, the FT reported
    • The FT has also reported that the chancellor may cut the tax-free allowance on cash Isas from £20,000 to £10,000
    • The chancellor hinted at changes to the two-child benefit cap, saying it was not right that children in bigger families were "penalised"

    Here's everything you need to know about the Budget.

  3. Kuenssberg to quiz transport secretary days before autumn Budgetpublished at 08:30 GMT

    Heidi Alexander walking along Downing Street carrying a red folderImage source, Reuters

    It's that time of the week again and Transport Secretary Heidi Alexander will be in the hot seat on Sunday with Laura Kuenssberg this morning.

    Today's show comes days before Chancellor Rachel Reeves delivers her Autumn Budget.

    Reeves is expected to announce an increase in taxes on Wednesday, saying she will make the "necessary choices" for the economy, to bring down NHS waiting lists, the national debt and the cost of living.

    Also appearing on the programme are shadow chancellor Mel Stride, Green Party leader Zack Polanski, former chancellor Jeremy Hunt and trade union Unite's general secretary Sharon Graham.

    This page won't contain regular text updates, but you can watch live above - or follow along on BBC One or BBC iPlayer - from 09:00 GMT.