Analysis and action on living standards
A New Economic Strategy for Britain
In this briefing note, we put the decisions in the Spring Budget 2024 in context, discussing how the economic outlook has changed, what that means for the public finances, and how the policy decisions taken at the Budget will affect living standards in both the short and the medium term.
The Resolution Foundation is an independent think-tank focused on improving living standards for those on low to middle incomes. We work across a wide range of economic and social policy, combining our core purpose with a commitment to analytical rigour.
The transition to adulthood is a tumultuous time. But this crucial part of the life course can be especially challenging for young people with mental health problems, hampering their finding a job in the first instance; and constraining their ability to flourish in the labour market thereafter. In this new report, we examine what policy change is required for the growing number of young people with mental health problems to thrive in the world of work today.
Families in Britain are confronted with what can be termed a ‘triple savings challenge’. This encompasses a lack of accessible ‘rainy day’ savings to cushion small cashflow shocks, inadequate precautionary saving to see people through large and unexpected income shocks, and insufficient saving to provide an adequate income in retirement. This report draws on behavioural insights and lessons from how other countries navigate the same issues to outline how the UK’s savings policy architecture can be transformed to provide a joined-up solution to Britain’s triple savings challenge.
The Resolution Foundation calculates the real Living Wage – a voluntary hourly pay rate that is based on what families need to get by. The current national rate is:
Resolution Ventures exists to back innovative start-ups seeking to change the world of work for the better and early-stage ventures seeking to improve the prospects of low-to-middle income Britain.
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How living standards have changed for younger generations
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