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Budgets and fiscal events


The UK’s major fiscal events – Budgets, Spring Statements and Spending Reviews – provide the Chancellor with an opportunity to shape Britain’s political economy through major policy announcements. Our work focuses on the policies under consideration in the run-up to fiscal events, and what policy decisions and the latest economic outlook (published by the Office for Budget Responsibility) mean for the state of Britain, and household living standards.

Contacts

James Smith

James Smith

Research Director
T: 0203 372 2956
E: james.smith@resolutionfoundation.org

Mike Brewer

Interim Chief Executive
T: 020 3372 2960
E: mike.brewer@resolutionfoundation.org
Publications

A healthy State?

Putting the 2025 Spending Review into context

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Yesterday saw the Chancellor reveal the results of the first ‘zero-based’ review since 2008, the first stand-alone Spending Review since 2019, and the first three-year plan since 2021. It was…
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Publications

Mission impossible?

Five things to look out for at next week’s pivotal Spending Review

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After a shaky start on the economy, Ministers have been happy to emphasise three trade agreements and some better-than-expected growth in recent weeks. They will hope the Spending Review (SR),…
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Publications

Unsung Britain bears the brunt

Putting the 2025 Spring Statement in context

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This briefing note analyses the choices the Government has made in the context of an awkward backdrop to the 2025 Spring Statement.
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Comment

How should the Chancellor escape her headroom bind?

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It is only four months since Rachel Reeves ‘shocked’ Britain by doing what every Chancellor does after an election – jacking up taxes. We have now been told the Government…
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Events

Spring cleaning the public finances

Assessing the Chancellor’s Spring Statement and the UK economic outlook

The Chancellor set out her first ever Budget less than five months ago, but the UK’s economic outlook has changed considerably since then. Bad news on growth, inflation and borrowing…
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Events

The headroom bind

What does the Chancellor need to do to hit her fiscal rules?

In her Budget last Autumn, the Chancellor announced the biggest tax rises on record to boost public spending and investment by over £300 billion across the Parliament. She also announced…
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Comment

Turbulent times

How should the Chancellor respond to recent movements in the gilt market?

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Turbulent gilt markets, a devaluing pound and speculation about the Office for Budget Responsibility (OBR) downgrading its economic forecasts is not the start to 2025 the Chancellor was hoping for.…
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