Analysis and action on living standards
How Britain lost its trading edge and whether Brexit is to blame
The State Pension triple lock has delivered real gains for pensioners since its introduction in 2012. But the case for boosting pensioner incomes over and above others has now run out, while the case for the triple lock as a way to deliver such a boost was always poor. Pensioners have seen three times as much living standards growth as non-pensioners over the last two decades, a typical pensioner household now has the same level of income as the typical working-age household, and pensioners are less likely to be in poverty than the rest of the population.
The Resolution Foundation is an independent think-tank dedicated to lifting living standards in the UK. We focus particularly on households with low and middle incomes; those on low pay or in precarious work; and those vulnerable to financial shocks.
This briefing note – the third in a series on precarious work supported by Unbound Philanthropy – examines the balance of informal power between workers and employers in the cleaning, hospitality and warehousing sectors, drawing on a new survey of 2,000 workers and in-depth interviews.
The private rented sector (PRS) has more than doubled in size since the turn of the century, and the people who live within it look very different today compared to those it housed in the early 2000s. As exiting the tenure has become more challenging over time, tenants have aged and often started families. Today, children are more likely to be living in the PRS than working-age adults. Getting policy right in this space is now more important than ever.
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:
Explore our interactive housing indicators or read about our alternative estimate of UK employment.
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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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