"We knew a lot about how difficult the world was going to be, I think we've learnt some more."
— Institute for Fiscal Studies (@TheIFS) July 29, 2024
Watch @PJTheEconomist respond to @RachelReevesMP's spending audit in 90 seconds ⬇ pic.twitter.com/1dTAzFb55U
Authors

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.
Explainer details
- DOI
- 10.1920/ex.ifs.2024.0047
- Publisher
- Institute for Fiscal Studies
Suggested citation
Johnson, P. (2024). Rachel Reeves' spending audit explained [Explainer] Institute for Fiscal Studies. Available at: https://ifs.org.uk/articles/rachel-reeves-spending-audit-explained (accessed: 26 March 2025).
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