Treasury

What does the Budget mean for the UK?

Published on 31 October 2024

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.