Labour market Quantity vs quality: Trade off or synergies in the pursuit of full employment? Tuesday 12 January 2016 Employment is at a record high, and economic inactivity is close to an historic low. But the UK’s employment rate is still some way behind other advanced economies such as Germany and Sweden. And the quality of work available remains a huge issue for both those in and out of work. Is the government’s target … Continued READ MORE
Living standards Capital gains? Taking on London’s living standards challenge Thursday 7 January 2016 Keynote speech by Sadiq Khan, Labour candidate for London Mayor The new National Living Wage is set to transform low pay across Britain. But it will have far less impact in the capital where a far lower proportion of workers earn the legal minimum. Should London have a different approach to tackling low pay, and … Continued READ MORE
Labour market The 2016 earnings outlook: Will inflation or productivity prevail in Britain’s pay recovery? Tuesday 15 December 2015 The UK has experienced a welcome pay rebound this year, helped along by falling unemployment and historically low inflation. But can the pay recovery be sustained into next year? Will rising inflation erode real wage growth, or will stronger productivity gains push nominal pay rises higher still? Which of these will ultimately determine the strength … Continued READ MORE
Welfare Can we afford to care? The future health of social care Thursday 12 November 2015 The combination of rising demand, reduced funding and increasing costs stemming from the National Living Wage are set to put an already stretched social care sector under further strain. What additional public funding is needed to maintain social care provision in its current form over the parliament and beyond? Could closer health integration create efficiencies … Continued READ MORE
Economy and public finances Shrinking pains: The size and functions of the state over the parliament and beyond Tuesday 10 November 2015 A decade of deep public spending cuts in areas such as non-schools education and working age welfare, combined with increased funding for health and pensioner benefits, will mean the size and functions of the state will be very different in 2020, compared to before the crash. What should citizens expect from a smaller state? What … Continued READ MORE
Welfare The tax credit crunch: How to limit the losses for low-income families Thursday 5 November 2015 Millions of working families are set to be face a significant fall in income next April as a result of the £4.4bn cuts to tax credits. Many will find it hard to recover these losses by earning more – despite the welcome introduction of the National Living Wage. What policies could ease the losses facing … Continued READ MORE
Labour market Matthew Hancock MP in conversation with David Willetts on the living wage Tuesday 6 October 2015 The Chancellor’s announcement of a National Living Wage, a policy based in part on the recommendations of the Resolution Foundation review into the future of the Minimum Wage, was arguably the most eye-catching announcement of the Summer Budget. This higher wage floor will deliver a welcome boost to low-paid workers, but implementing it will be … Continued READ MORE
Living standards Building Britain’s powerhouses: putting Cities in pole position to drive economic growth Sunday 4 October 2015 The government has been keen to push its Northern Powerhouse vision, but what role can cities across the UK play in supporting growth? How can local government deliver more? At a Resolution Foundation event chaired by author and journalist Rosa Prince, Secretary of State for Communities and Local Government Greg Clark set out his growth … Continued READ MORE
Economy and public finances How does Labour reclaim economic and fiscal credibility? Tuesday 29 September 2015 As Labour seeks to rebuild after the 2015 election defeat, what must the party do to win back voters trust on its handling of the economy? At a Resolution Foundation event Shadow Business Secretary Angela Eagle will outline how she believes Labour can reclaim economic credibility, while Director of the IFS Paul Johnson, Guardian columnist … Continued READ MORE
Labour market Is Labour still the workers’ party? Monday 28 September 2015 As Labour seeks to rebuild following its defeat at the last General Election, how can it reclaim its mantle as the party for working people? At a Resolution Foundation event Owen Smith MP will outline his vision for Labour’s approach to pay and work, and how it fits with Labour’s wider economic strategy. Head of … Continued READ MORE
Living standards Between One Nation Conservatism and Corbyn: where next for the Lib Dems and social justice? Tuesday 22 September 2015 As the Liberal Democrats seek to rebuild the party following heavy losses at the last election, what role should issues such as low pay, taxation, health and welfare reform play in the party’s policy priorities? At a Resolution Foundation event, Norman Lamb MP set out his ideas on the party’s approach to social justice, followed … Continued READ MORE
Labour market Getting ready for a higher wage floor: Tackling Britain’s low pay and productivity challenge Tuesday 15 September 2015 The extent of low pay across Britain has barely moved in the last 20 years, but is likely to change rapidly over the next five as a result of the new ‘National Living Wage’. But without productivity growth, some employers in low-paying sectors could struggle with a fast-rising wage floor. What are the key productivity … Continued READ MORE
Labour market Where next for the Living Wage? Thursday 3 September 2015 The Chancellor’s new ‘National Living Wage’ announced in the Budget will mean a welcome pay rise for low paid workers. But implementing it will be a big challenge for many employers and on its own secure it won’t a decent standard of living for millions of working families. What does this higher wage floor mean … Continued READ MORE
Labour market The complete works: Targeting full employment in modern Britain Monday 20 July 2015 The pursuit of full employment is back in fashion, with all the main parties committed to pursuing it. But what would full employment look like in Britain today, and what are the trade-offs in reaching this goal? Which hard-to reach groups need to be brought into the labour market, and what role can public policy play in … Continued READ MORE
Monetary policy· Economy and public finances· Macroeconomic policy Weathering the storm: the recent past, present and future of UK monetary policy Tuesday 14 July 2015 Resolution Foundation hosted David Miles’s outgoing speech as a member of the Bank of England’s Monetary Policy Committee. A member of the Monetary Policy Committee – the body responsible for setting the Bank of England’s base rate – since 2009, David Miles has been a key policy maker during a truly fascinating and tumultuous period for … Continued READ MORE
Welfare Benefiting everyone? Making Universal Credit fit for the next decade Monday 8 June 2015 Over eight million households will be eligible for Universal Credit when it is fully up and running. But with the UK labour market having transformed in recent decades, is this once-in-a-generation reform being designed to deal with current and future welfare challenges, such as growing in-work poverty? Will it achieve its goals and prove to … Continued READ MORE
Labour market Time to pay up: Securing stronger, shared wage growth Thursday 26 March 2015 After the longest fall in modern history real wages are finally turning the corner. But the outlook for pay remains highly uncertain. Productivity remains on the floor. Automation and globalisation generate pessimism about our pay prospects. Others feel that the wage-gloom is overdone. As pay starts to rise what can be done to secure widely … Continued READ MORE
Labour market Looking through the hourglass: Hollowing out of the UK jobs market pre- and post-crisis Monday 23 March 2015 In common with other advanced economies, the UK has been characterised as having an ‘hourglass’ labour market in recent decades, with employment growth proving strongest in low and high paying sectors and weakest in the middle. But what are the factors behind this polarisation – globalisation, education, the rise of the robots? And has the … Continued READ MORE
Living standards Time to catch up? Living standards in the next parliament Thursday 12 March 2015 After the deepest squeeze in living memory, household incomes are finally recovering. But when can we expect living standards to return to their previous peak and what is the outlook for the next Parliament? At an event at the Resolution Foundation’s central London headquarters, CBI Director-General John Cridland gave a speech on these issues setting … Continued READ MORE
Labour market Higher minimum wages in big cities: Are there lessons for the UK from the US? Wednesday 4 March 2015 From San Francisco to Seattle, fierce political battles have been fought – and won – across the US recently in favour of minimum wages higher than the federal rate. But what are the economic arguments behind higher City-wide minimum wage rates? Have they proved successful and what are the drawbacks? And what, if anything, can … Continued READ MORE
Labour market As if we cared – the costs and benefits of a living wage for social care workers Tuesday 3 March 2015 There is a growing realisation that higher quality care in an ageing society requires a better deal for the social care workforce. Low pay, at times below the National Minimum Wage, and the poor working conditions associated with it often act as barriers to delivering the quality of care that people deserve, and place significant pressure on care workers. While … Continued READ MORE
Welfare Today’s workers, tomorrow’s retirement problem Wednesday 11 February 2015 The proportion of people saving into a workplace pension is rising again after decades of decline. But too few people are saving enough for an adequate retirement income. How can people be persuaded to save not spend when wages are already stretched? Are there cheaper, fairer alternatives to the £35bn spent on pension tax relief? … Continued READ MORE
Housing The home stretch – coping with high housing costs Monday 8 December 2014 Buying or renting a home in many parts of the country is a financial challenge for families on modest incomes. How then do these families continue to live in some of the most expensive parts of the country? What coping strategies can make the seemingly unaffordable financially possible, at what personal cost to the families … Continued READ MORE
Welfare Tax cuts in tough times – who really gains? Monday 1 December 2014 The three main political parties have all pledged to cut taxes with the stated aim of helping low and middle income households in the next parliament. But who really benefits from these policies and how much will they cost? The Resolution Foundation presented new analysis of the distribution of gains under the different parties’ approaches, and … Continued READ MORE
Economy and public finances A Parliament of pain? – The fiscal choices beyond 2015 and the implications for cuts, taxes, investment and debt Tuesday 25 November 2014 With roughly half of the fiscal consolidation still to come, the state of the public finances will remain a defining theme of the next parliament. Beyond the first year of the next parliament there is little clarity as to how fiscal balance will be restored. However, the emerging positions from each of the main political … Continued READ MORE