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 statement 2025
On 26 March Rachel Reeves will deliver her spring statement. We will provide analysis in advance and in response to the chancellor's announcement.
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Analysis of past fiscal events

Is Rachel Reeves’ budget bad – or good – for business?
How might the budget’s incentives and investments determine the future course of the economy?

Rachel Reeves has made welcome changes to the fiscal rules
Many of the chancellor’s changes to the fiscal rules and framework have been called for by the IfG.

Rachel Reeves’ first budget is a clear break from the recent past
What did we learn about Labour’s strategy from its first fiscal event?

Spring budget 2024
The Institute for Government's latest analysis, podcasts and events following the spring budget.
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?