
We discuss the Chancellor's first Budget and what impact the changes could have.
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117 days after Labour took office, Rachel Reeves has finally delivered her Budget.
From tax rises and fiscal rules, to public services and investment, we'll take a tour around all of the big announcements.
Paul is joined by Helen Miller and Ben Zaranko, colleagues at the IFS.
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. Why may tax revenue not rise by the £40bn outlined in the Budget scorecard?
2. Assess the potential economic impact of the 1% rise in National Insurance for employers.
3. Outline the economic opportunities and risks of increasing expenditure in the short term.
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


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.2024.0030
- Publisher
- Institute for Fiscal Studies
Suggested citation
. (2024). What does the Budget mean for the UK? [Podcast] Institute for Fiscal Studies. Available at: https://ifs.org.uk/articles/what-does-budget-mean-uk (accessed: 20 May 2025).
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