Budgets
Before and after major fiscal events we look at the key issues facing the government and assess the choices it makes, drawing on expertise across IfG.
Spring budget 2024
On Wednesday 30 October, Rachel Reeves will deliver her first budget as chancellor. We will be assessing the trade-offs she faces in advance of the budget and analysing the new forecast and the choices she has made after.
Find out moreAnalysis of past fiscal events
Six things we learned from the 2023 autumn statement
The chancellor presented his autumn statement alongside the latest forecasts from the independent Office for Budget Responsibility.
Six things we learned from the spring budget 2023
What the chancellor's announcement revealed about the government's plans for tax and spending policy.
Five things we learned from Jeremy Hunt's 2022 autumn statement
The IfG team give their verdict on the chancellor's autumn statement and what it means for government borrowing, households and public services.
Six things we learned from the 2022 spring statement
Before the statement, we set out six things that the Institute for Government was looking out for in the chancellor’s announcement.
Key explainers
Budgets
Governments require parliament’s approval to spend money, as well as to raise revenue in the form of taxes.
Office for Budget Responsibility (OBR)
The Office for Budget Responsibility (OBR) is the UK’s official independent economic and fiscal forecaster.
Fiscal rules in the UK since 1997
Fiscal rules are restrictions on fiscal policy set by a government to constrain its own decisions on spending and taxes.
Current UK fiscal rules
What are the government’s current fiscal rules and is it on track to meet them?