Treasury

Spending Review 2025: What it means and why it matters

Published on 12 June 2025

We take a closer look at the Spending Review and what the policies mean for public services, investment and the wider economy. 

Subscribe now: Apple Podcasts | Spotify | ACAST | YouTube | RSS

In this episode, we unpack the government's 2025 Spending Review with analysis from experts at the IFS.

Paul is joined by Helen Miller and Ben Zaranko to discuss what the Chancellor’s plans mean for public services, government investment, and the broader economic outlook.

    Host

    Participants

    Helen Miller
    Helen Miller

    Director

    Helen joined the IFS in 2007. She has almost two decades of experience analysing UK fiscal policy and providing trusted advice to policymakers. 

    Podcast details

    DOI
    10.1920/pd.ifs.2025.0009
    Publisher
    Institute for Fiscal Studies

    Suggested citation

    P, Johnson and H, Miller and B, Zaranko. (2025). Spending Review 2025: What it means and why it matters [Podcast] Institute for Fiscal Studies. Available at: https://ifs.org.uk/articles/spending-review-2025-what-it-means-and-why-it-matters (accessed: 8 June 2026).

    Grant

    Impact Acceleration Account 2023-28

    More from IFS

    Understand this issue

    HMRC sign

    The Autumn Budget 2025 explained

    podcast

    From tax rises to new spending pressures, we break down the major decisions in a packed Autumn Budget and what they mean for the UK.

    27 November 2025

    Policy analysis

    Academic research