Public sector workers affected by the pay freeze next year already face a pay penalty compared to private sector staff in similar roles

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

Chancellor right to extend furloughing – but wrong to stay silent on planned Universal Credit cut

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

Record rise in redundancies in the run-up to second lockdown

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

Covid crisis prolongs Britain’s 15-year living standards squeeze and leaves austerity in place for many public services

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

Chancellor spends like wartime with £335 billion Covid response, but trims back on public services

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

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

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

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

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

Three-in-ten households facing a persistent pandemic income hit have been driven into hardship

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

UK’s first major innovation partnership focused on using new technologies to improve workers’ pay, prospects and power launches today

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

UK’s first major innovation partnership focused on using new technologies to improve workers’ pay, prospects and power launches today

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

Wales should be centre-stage in attempts to ‘level up’ Britain

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

More than one-in-three workers are worried about catching Covid-19 at work

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

Chancellor right to extend support for self-employed workers, but many who need help remain excluded

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

One-in-five young people and over one-in-five BAME workers who were furloughed during lockdown have since lost their jobs

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

Self-Employment Support Scheme pays out over £1.3 billion to thriving businesses, but nothing to 500,000 left without work

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

Covid-19
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Living standards

Chancellor rightly slashes employer contributions to make part-time working scheme fit for purpose

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

Decisive action needed to tackle significant pay penalties faced by black, Asian and ethnic minority workers

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

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