
As we enter the new year, we take a look ahead at what to expect in 2024.
Subscribe now: Apple Podcasts | Spotify | ACAST | Stitcher | YouTube | Google Podcasts | RSS
What will happen with the cost of living crisis? What might the Chancellor announce in his Spring Budget? What should we be looking out for during an election?
This week, Paul is joined by colleagues Ben Zaranko, Helen Miller and Carl Emmerson to take a look at the stories which will define 2024.
Zooming In: discussion questions
Every week, we share a set of questions designed for A Level economics students to discuss, written by teacher Will Haines.
1. Explain which groups in society may see their standard of living rise and which groups in society may see their standard of living fall in 2024?
2. Despite rising tax revenues after income tax thresholds were frozen, why may government debt not fall in 2024?
3. In your view, what are the most effective green investment projects the government could undertake for the environment and the economy over the coming years?
Host

Director
Paul has been the Director of the IFS since 2011. He is also currently visiting professor in the Department of Economics at University College London.
Participants

Deputy Director
Carl, a Deputy Director, is an editor of the IFS Green Budget, an expert on the UK pension system and sits on the Social Security Advisory Committee.


Associate Director
Ben joined the IFS in 2017 and works across a range of areas, including UK fiscal policy and the productivity of the health and social care system.
Podcast details
- DOI
- 10.1920/pd.ifs.2024.0001
- Publisher
- Institute for Fiscal Studies
Suggested citation
. (2024). The economic stories that will shape 2024 [Podcast] Institute for Fiscal Studies. Available at: https://ifs.org.uk/articles/economic-stories-will-shape-2024 (accessed: 23 June 2025).
More from IFS
Understand this issue

Drastic times need drastic action: breaking the 50-year tax taboo
Rachel Reeves should consider increasing the basic rate, just as Denis Healey did in 1975
14 April 2025

Spending Review 2025: What it means and why it matters
We take a closer look at the Spending Review and what the policies mean for public services, investment and the wider economy.
12 June 2025

What's gone wrong in the Crown Courts?
Delays in serious court cases are at record highs. We ask why the Crown Court backlog is growing—and if more money alone can solve it.
19 June 2025
Policy analysis

Council tax hikes will do the heavy lifting
IFS Senior Research Economist Kate Ogden writes in Municipal Journal about what the 2025 Spending Review will mean for public services and councils.
17 June 2025

What does the Spending Review really mean for FE?
The chancellor has pledged an extra £1.2 billion annually for FE by 2028-29. But will this be enough to reverse a decade of cuts?
12 June 2025

IFS Deaton Review: Inequalities in the 21st Century special session at the RES 2025 Annual Conference
This year's RES Conference features a special session on the IFS Deaton Review of Inequalities with key IFS contributors to the review.
16 June 2025
Academic research

Measuring cost of living inequality during an inflation surge
We provide new evidence that inflation inequality surged during the 2021–2023 cost-of living crisis.
9 May 2025

Landfill tax and recycling
This paper provides new empirical evidence on the role of landfill taxes in reducing landfill waste and promoting recycling.
6 May 2025

Future challenges for health and social care provision in the UK
We consider recent trends in health and social care productivity and the scope for future improvements.
6 June 2025