The sharp drop in level 2 apprenticeship starts for workers aged 25+ show that the government reforms are weeding out poorer quality provision, though the fall in starts for young people is a concern, the Resolution Foundation said today (Thursday) in response to the latest figures for apprenticeship starts. The DfE figures show that … Continued

The typical pay rise associated with moving to London for work has increased to 18 per cent, but high housing costs are limiting the overall income gains from moving to a new job in the capital for many, according to the Resolution Foundation’s Earnings Outlook published today (Wednesday). The latest Earnings Outlook looks at prospects for … Continued

  Commenting on the latest Households Below Average Income (HBAI) survey for 2016-17, published  today (Thursday) by the Department for Work and Pensions, Adam Corlett, Senior Economic Analyst at the Resolution Foundation, said: “Today’s household income survey – the most comprehensive we have – shows that typical households saw solid income growth of 2 per … Continued

    Britain’s 12-month pay squeeze has finally ended, though public sector workers will have to wait until new higher pay settlements are agreed to see real pay rises, the Resolution Foundation said today (Wednesday) following the latest labour market statistics. Today’s figures show that real average weekly earnings fell by 0.2 per cent in … Continued

Entirely new system genuinely based on a proportion of a property’s value now desirable and feasible Council tax is outdated, regressive, and, despite being notionally based on the value of homes, functions in many ways like a poll tax – exactly the type of tax it was introduced to get away from – said the … Continued

  The Chancellor will need to hope for better forecasts or raise taxes if he’s to stick to his goal of eliminating the deficit and driving significant reductions in debt, while ending the UK’s unprecedented squeeze on public spending. This is according to the Resolution Foundation’s overnight analysis of the Spring Statement 2018 published today … Continued

The Chancellor has set out a ‘Sugar Rush Spring Statement’ – with welcome short-term news on borrowing and growth but the long term challenges of weak growth and pay remain – the Resolution Foundation said today. The Office for Budget Responsibility today delivered a slightly sunnier short-term forecast for the Chancellor, with borrowing for 2017-18 … Continued

Longer term outlook for pay, growth and debt will remain bleak, despite welcome upward revisions The Chancellor is on course to receive a public finance boost of between £7bn and £11bn next week, with the Office for Budget Responsibility expected to deliver a short-term upgrade to the UK’s economic outlook, according to a new report published … Continued

Increase in spending by 2040 will be equivalent to a 15p income tax rise unless other tax revenues are found In a major speech today (Monday), Resolution Foundation Executive Chair Lord David Willetts will warn that Britain faces tough choices about how to pay for rising health and welfare costs in Britain, and who is … Continued

Bold new approach required to help the one in three millennials who say they’ve been held back from moving jobs A ‘Better Jobs Deal’ is needed to tackle fundamental flaws in the UK labour market and kick-start the prospects of millions of highly skilled young people at risk of being scarred by the recent crisis, … Continued

Family incomes are set to start slowly rising again next year but low and middle income households risk missing out with three years of stagnating living standards lasting until 2020, according to the Resolution Foundation’s annual living standards outlook published today (Thursday). The report brings together the OBR’s latest economic forecasts with policy impact assessments … Continued

A tighter labour market is delivering more full time jobs, an uptick in pay growth and a drop in insecure work, but overall levels of insecurity and pay remain major concerns, the Resolution Foundation said in response to today’s labour market statistics. The latest figures also show that we have seen the first rise in … Continued

The 20th century growth story that has seen each generation enjoy higher incomes than the one before them has ground to a halt in nearly all advanced economies in the 21st century. However, the UK stands out for having experienced a ‘boom and bust’ cycle where strong income and housing gains for post-war generations have failed to … Continued

A surge in consumer credit growth and the prospect of faster-than-expected interest rate rises have recently prompted concerns about the possibility of a fresh debt-bust in the UK, but it is the continuing overhang from the last crisis that is of more concern, according to a new Resolution Foundation report published today (Monday). With levels … Continued

Tight labour market set to pose a challenge to firms using agency workers for much more than filling staffing gaps While the majority of firms use agency workers to plug short term gaps, a significant minority view them as a core part of their business model, according to new Resolution Foundation research published today (Saturday). … Continued

  Commenting on the government’s response to the Taylor Review of Modern Working Practices, published today (Wednesday), Torsten Bell, Director of the Resolution Foundation, said: “The government is right to be taking concrete measures to boost enforcement of our labour market rules and to increase the fines for employers who break them too often. In … Continued

Typical wealth across Britain increased by 13 per cent in real terms in the two years to 2014-16, but wealth inequality remains unacceptably high, the Resolution Foundation said in response to the ONS Wealth and Assets Survey today (Thursday). Over a period in which typical household incomes have grown by just 5 per cent, today’s … Continued

  The number of apprenticeship starts in the crucial period of August to October 2017 fell to 114,400 – down 30 per cent on the year before. However this represents progress on the previous quarter – the first since the levy came into effect – when starts were down 60 per cent compared to the … Continued

A 100,000 increase in employment means Britain has returned to its record high employment rate, but the labour market looks increasingly volatile as employment growth oscillates month by month and pay continues to fall despite a record level of unfilled job vacancies, the Resolution Foundation said today in response to today’s labour market statistics. The … Continued

  The estimated overall spending on tax reliefs increased to a record £155bn in the last financial year (2017-18), according to Resolution Foundation analysis of the annual HMRC Principal Tax Relief Statistics published today (Tuesday). Adam Corlett, Senior Economic Analyst at the Resolution Foundation, said: “Spending on tax reliefs has grown to a record £155bn … Continued

  Lower income families saw the fastest consumption growth Household spending increased more rapidly than income growth in the last financial year (2016-17), with the biggest rises taking place among lower income households, the Resolution Foundation said today (Thursday) in response to the latest ONS Family Spending figures. The ONS figures show that households increased … Continued

  More men in lower paid roles are working fewer hours or part-time, while higher paid men are working more. These changes have led to a ‘hollowing out’ of the male labour force, with fewer middle earners, according to a new report published today (Monday) by the Resolution Foundation. Counting the hours finds that this … Continued

Typical disposable incomes for non-retired households reached a new high last year off the back of strong employment growth and low inflation, the Resolution Foundation said today (Wednesday) in response to the latest ONS income and inequality data, which refer to the financial year 2016-17. But the depth of the post-crisis squeeze means that typical … Continued