Public sector workers affected by the pay freeze next year already face a pay penalty compared to private sector staff in similar roles 21 December 2020 Public sector workers affected by the pay freeze next year already face a pay penalty compared to private sector workers in similar roles, while those exempt from the freeze enjoy a pay premium, according to the Resolution Foundation’s latest Earnings Outlook. The latest Earnings Outlook examines the pay of the 2.6 million public sector workers … Continued READ MORE
Chancellor right to extend furloughing – but wrong to stay silent on planned Universal Credit cut 17 December 2020 Commenting on the Chancellor’s announcement today (Thursday) that the Job Retention Scheme and business loans schemes will be extended into April, Torsten Bell, Chief Executive of the Resolution Foundation, said: “With public health restrictions continuing well into 2021, the Chancellor is right to extend furloughing and business support into April. The job of policy is … Continued READ MORE
Labour market set for significant post-Brexit change with migrant workers numbers already falling 16 December 2020 Migrant workers accounted for 60 per cent of net employment growth between 1996 and 2019, but the number of migrant workers is now falling, highlighting the scale of change in store when the UK’s post-Brexit immigration regime comes into effect on 1st January, according to new Resolution Foundation research published today (Thursday). The report Home … Continued READ MORE
Record rise in redundancies in the run-up to second lockdown 15 December 2020 The labour market continued to deteriorate in the run-up to the second national lockdown in November, with 370,000 redundancies taking place in August to October, the Resolution Foundation said today (Tuesday) in response to the latest ONS labour market statistics. The latest data, which covers the period running up to the second national lockdown and … Continued READ MORE
Furlough scheme should be used to encourage more workers at risk of Covid infection self-isolate 9 December 2020 The Government should use the Job Retention Scheme (JRS) to encourage more workers to self-isolate at home – a key part of the Government’s strategy to fight Covid-19 that the current sick pay regime is failing to support – new Resolution Foundation research published today (Wednesday) will urge. The report – Time Out – explores … Continued READ MORE
Britain set to experience the second worst parliament for income growth since records began 29 November 2020 Real household disposable income (RHDI) is set to grow by just 1 per cent – or £220 – per person over the whole of the current parliament, which would make it the second worst parliament for living standards since records began in 1955, according to new Resolution Foundation analysis published today (Sunday). The Foundation’s analysis … Continued READ MORE
Covid crisis prolongs Britain’s 15-year living standards squeeze and leaves austerity in place for many public services 26 November 2020 The Covid crisis is on track to reduce average pay packets by £1,200 a year by 2025 compared to pre-pandemic forecasts and prolong Britain’s 15-year squeeze on household incomes, according to the Resolution Foundation’s overnight analysis published today (Thursday). Here Today, Gone Tomorrow shows that the Covid crisis is causing immense damage to the public … Continued READ MORE
Chancellor spends like wartime with £335 billion Covid response, but trims back on public services 25 November 2020 The Government’s £12,000 per household response to the Covid crisis will send Government spending as a share of the economy towards World War II levels (56 per cent), the Resolution Foundation said today (Wednesday) in response to the Chancellor’s Spending Review. Despite the Office for Budget Responsibility’s (OBR’s) growth forecasts improving since July, it still … Continued READ MORE
Chancellor is right to put in place help for those out of work for long periods as they often struggle most in periods of high unemployment 24 November 2020 Commenting on the announcement of the new Restart Scheme today (Tuesday) on the eve of the Spending Review, Nye Cominetti, Senior Economist at the Resolution Foundation, said: “The Chancellor is right to put in place help for those out of work for long periods as they often struggle most in periods of high unemployment. The … Continued READ MORE
Long Covid economic scarring could deal lasting £1,000 hit for every adult in Britain Government spending put on wartime footing as its set to reach 60 per cent of GDP 20 November 2020 The Chancellor is set to unveil his Spending Review against an economic outlook shaped by the long-term scarring effect of Covid – including a GDP hit lasting into the middle of the decade worth £1,000 for every adult in Britain, according to new research published today (Saturday) by the Resolution Foundation. The Covid state examines … Continued READ MORE
Three-in-ten households facing a persistent pandemic income hit have been driven into hardship 15 November 2020 Three-in-ten working age adults who have faced a sustained income hit during the pandemic are now unable to afford some basic household costs such as heating and fresh fruit and vegetables, as the persistence of the crisis exacerbates divides in how low- and high-income households are coping financially, according to new Resolution Foundation research published … Continued READ MORE
New Health and Social Care Levy needed to help repair the public finances after Covid 11 November 2020 The Government should introduce a new Health and Social Care Levy, alongside a Pandemic Profits Levy and the biggest reform of wealth taxation in a generation, as part of a £40 billion plan to repair the public finances post-Covid and meet the wider challenges facing Britain over the next decade, according to a major new … Continued READ MORE
UK’s first major innovation partnership focused on using new technologies to improve workers’ pay, prospects and power launches today 11 November 2020 The Resolution Foundation has brought together leading charitable foundations, social investors and businesses to launch The Workertech Partnership – the UK’s first-ever innovation programme to support social entrepreneurs and start-ups focused on improving conditions and career paths for workers locked in low-paid and precarious employment. The £1.3 million partnership opens today (Tuesday) for applications from … Continued READ MORE
UK’s first major innovation partnership focused on using new technologies to improve workers’ pay, prospects and power launches today 10 November 2020 The Resolution Foundation has brought together leading charitable foundations, social investors and businesses to launch The Workertech Partnership – the UK’s first-ever innovation programme to support social entrepreneurs and start-ups focused on improving conditions and career paths for workers locked in low-paid and precarious employment. The £1.3 million partnership opens today (Tuesday) for applications from … Continued READ MORE
Record redundancies as unemployment rises by almost a quarter of a million over the summer 10 November 2020 Unemployment increased by 243,000 in three months to September 2020, despite the reopening of the economy, the Resolution Foundation said today (Tuesday) in response to the ONS labour market statistics. Unemployment increased by 0.7 percentage points on the previous quarter to reach 4.8 per cent in the three months to September – the fastest increase … Continued READ MORE
Chancellor returns economic policy to full lockdown mode after an Autumn of U-turns 5 November 2020 The Chancellor has responded to the coming winter of lockdowns across the UK’s nations and regions by returning economic policy to a full lockdown mode through the extension of Job Retention Scheme (JRS) to the end of March, the Resolution Foundation said today (Thursday) in response to the Chancellor’s latest statement. The Foundation says that … Continued READ MORE
Wales should be centre-stage in attempts to ‘level up’ Britain 4 November 2020 Wales needs to move centre-stage in the UK’s ‘levelling up’ agenda as its strong performance on jobs has not been matched on pay packets, leaving the country struggling to reduce its living standards gap with the rest of the UK, according to a major new Resolution Foundation report published today (Wednesday). The report – From … Continued READ MORE
First wave furloughing pushed two million employees below the minimum wage 3 November 2020 Around two million employees were paid less the National Living Wage last April as low-paid workers found themselves at the heart of the crisis and were less likely to have their furloughed wages topped up by their employer, the Resolution Foundation said today (Tuesday) in response to the latest ONS Annual Survey of Hours and … Continued READ MORE
More than one-in-three workers are worried about catching Covid-19 at work 2 November 2020 More than one-in-three (35 per cent) workers have an active concern about the transmission of Covid-19 in their workplace – with low-paid workers most likely to be worried, but least likely to raise concerns or see their complaints resolved – according to new Resolution Foundation research published today (Tuesday). Failed Safe? – supported by Unbound … Continued READ MORE
Chancellor right to extend support for self-employed workers, but many who need help remain excluded 2 November 2020 Commenting on the Chancellor’s announcement today (Monday) that he has extended the Self-Employment Income Support Scheme (SEISS) through to February, with an 80 per cent replacement rate in November followed by a 40 per cent replacement rate in December and January (with a maximum cash grant of £5,160), Hannah Slaughter, Economist at the Resolution Foundation, … Continued READ MORE
One-in-five young people and over one-in-five BAME workers who were furloughed during lockdown have since lost their jobs 27 October 2020 Around one-in-five young people, and over one-in-five black, Asian and minority ethnic (BAME) workers, who were furloughed during lockdown have since their lost jobs – and just one-in-three young people who have lost their jobs have been able to find new work – according to a major new Resolution Foundation report published today (Wednesday). Jobs, … Continued READ MORE
Self-Employment Support Scheme pays out over £1.3 billion to thriving businesses, but nothing to 500,000 left without work 25 October 2020 The Government’s £12.7 billion Self-Employment Income Support Scheme (SEISS) has been terribly targeted at those in need – with over 400,000 workers claiming support despite not losing any income during the crisis, while almost 500,000 people still without work have received no support at all. This is according to a major new Resolution Foundation report … Continued READ MORE
Covid-19· Living standards Chancellor rightly slashes employer contributions to make part-time working scheme fit for purpose 22 October 2020 The Chancellor has sharply, and rightly, changed course to tackle the central flaw in the Job Support Scheme (JSS), slashing the share of wages for hours not worked that employers must pay from 33 to 5 per cent, the Resolution Foundation said today (Friday). Today’s announcement will hugely increase the incentive for firms that are … Continued READ MORE
Largest rise in unemployment in over decade as men lose their jobs and women fall out of the jobs market altogether 13 October 2020 The UK experienced the largest rise in unemployment in over a decade – rising by 138,000 in the three months to August – as self-employed men lost their jobs and women working part-time fell out of the jobs market altogether, the Resolution Foundation said today (Tuesday) Headline unemployment increased from 4.1 per cent to 4.5 … Continued READ MORE
Decisive action needed to tackle significant pay penalties faced by black, Asian and ethnic minority workers 12 October 2020 Commenting on new ONS data published today (Monday) highlighting pay gaps between different ethnic groups, George Bangham, Economist at the Resolution Foundation, said: “While progress has been made in reducing ethnicity pay gaps for some groups, such as Indian and Bangladeshi workers, gaps have actually got larger for others, such as Black Caribbean, and White … Continued READ MORE