
We unpack the Budget’s quieter tax changes, from EV policy to savings and investment reforms, and explore what these small shifts really mean.
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As ever the big-picture choices in the Budget dominated media coverage - but some of the most interesting changes were buried in the detail. From electric vehicles to tourist tax, how much do these quieter tax shifts really matter?
In this episode, we dig into the lesser-noticed policies: why the government is offering upfront EV grants while planning a per-mile tax, how tweaks to salary sacrifice and cash ISAs could shape saving behaviour, and what the changes to EIS and EMI mean for investment and entrepreneurship.
Joining Helen are Stuart Adam and Ben Zaranko from the IFS to break down what’s changed, why it matters, and what the “devil in the detail” tells us about the government’s tax strategy.
Host

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

Senior Economist
Stuart is a Senior Economist working in the Tax sector, and focuses on analysing the design of the tax and benefit system.

Podcast details
- DOI
- 10.1920/pd.ifs.2025.0034
- Publisher
- Institute for Fiscal Studies
Suggested citation
H, Miller and S, Adam and B, Zaranko. (2025). Tax changes in the Budget [Podcast] Institute for Fiscal Studies. Available at: https://ifs.org.uk/articles/tax-changes-budget (accessed: 5 November 2026).
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