
What were the decisions and trade-offs made by Chancellor Reeves?
To analyse the Chancellor's decisions and their implications in the Spring Statement, IFS Director Paul Johnson is joined by IFS Associate Directors Ben Zaranko and Tom Waters.
Zooming In: discussion questions
These are a set of questions designed for A Level economics students to discuss, written by teacher Will Haines.
1. What is the difference between current and capital spending by the government?
2. Explain the short run and long run economic impacts of the cuts to welfare spending announced by the Chancellor in the Spring Statement.
3. Assess the economic benefits and costs of governments imposing fiscal rules on themselves.
Host
Participants


Associate Director
Tom is an Associate Director at the IFS and Head of the Income, Work and Welfare sector.
Podcast details
- DOI
- 10.1920/pd.ifs.2025.0005
- Publisher
- Institute for Fiscal Studies
Suggested citation
P, Johnson and B, Zaranko and T, Waters. (2025). Spring Statement 2025: IFS Zooms In [Podcast] Institute for Fiscal Studies. Available at: https://ifs.org.uk/articles/spring-statement-2025-ifs-zooms (accessed: 12 September 2026).
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