Around 300,000 unemployed or very low earners in Britain are missing out on much needed financial support from the state worth at least £73 a week, according to a new report published today (Tuesday) by the Resolution Foundation. Falling through the cracks examines official unemployment statistics and claimant count data to see how our … Continued

Millennials will enjoy the largest and most wide-reaching ‘inheritance boom’ of any post-war generation but it will be too late and too unequally shared to solve the generation’s home ownership and wealth inequality woes, according to a major new report published today (Saturday) by the Resolution Foundation. The report – the 13th for the Resolution … Continued

Britain’s pay squeeze is set to get worse before it gets better next year, and public expectations appear to be moving in line with experts’ pessimistic predictions, the Resolution Foundation said today (Wednesday) in its latest Earnings Outlook. The outlook – supported by the Nuffield Foundation – uses ONS and OBR data to forecast that … Continued

Agency workers lost £400 million this year from being paid less than their employee peers The pay gap costs the average agency admin worker £990 a year The agency workforce is losing out to a tune of £400 million a year because they are paid less than their employee equivalents, new analysis published today [Thursday] … Continued

  Commenting on the Bank of England’s NMG survey from its Quarterly Bulletin published today (Friday), which found increasing levels of financial distress among households in 2017 and more saying they expect their personal finance situation to deteriorate in 2018 than to improve, Matt Whittaker, Chief Economist at the Resolution Foundation, said: “Today’s survey highlights … Continued

  The latest fall in employment suggests that Britain’s remarkable jobs boom may finally be coming to an end, the Resolution Foundation said today (Wednesday) in response to the latest labour market data. After a remarkable jobs boom dating back to early 2012, employment has plateaued at close to a record high of 75 per … Continued

    One in ten workers did paid overtime in Britain in the last year but only a fifth of them got at least a ‘time and a half’ pay premium for those hours, according to a new report published today (Tuesday) by the Resolution Foundation. Paid overtime is a key part of the labour … Continued

    A drop of over 100,000 in net migration over the last year shows that Britain’s labour market is already be reshaped before we leave the EU, and businesses need to start adjusting now to a new era of lower migration, the Resolution Foundation said today (Thursday) in response to the latest migration figures. … Continued

  Millennials are on course to defy widespread pessimism about their retirement prospects and enjoy similar levels of retirement living standards to pensioners today, according to a new report published today (Monday) by the Resolution Foundation. As good as it gets? – the 12th report of the Resolution Foundation’s ongoing Intergenerational Commission – looks at … Continued

  Commenting on the publication of the government’s Industrial Strategy White Paper today, Resolution Foundation Executive Chair David Willetts said: “Given the grim outlook for living standards we heard at the Budget last week, today’s White Paper has the right focus on improving the nation’s productivity, and with it people’s earning power. “A key new … Continued

  Britain is on course for the longest period of falling living standards since records began in the 1950s, with the current crunch forecast to last longer than the post-crisis income squeeze, the Resolution Foundation said today (Thursday) in its overnight Budget analysis. The report Freshly Squeezed highlights the unprecedented scale of the economic downgrade … Continued

Chancellor makes housing a welcome centrepiece of his Budget The Chancellor has delivered the first post-election giveaway Budget this century despite a grim outlook for the economy and public finances, driven by the Office for Budget Responsibility’s biggest ever productivity downgrade. That downgrade has huge implications for family finances over the remainder of the parliament, … Continued

Britain’s jobs market showed potential signs of losing momentum after years of impressive growth while the recent pay squeeze deepened further, the Resolution Foundation said today (Wednesday) in response to the latest labour market figures. Today’s figures show that the UK employment rate dipped slightly from its recent peak, with recent falls concentrated among the … Continued

Unfreezing working age benefits next year and rebooting Universal Credit would provide a much needed living standards boost to young families as the majority of gains would go to millennials, according to a new report published today (Friday) by the Resolution Foundation. With the Chancellor under pressure to deliver an Autumn Budget that addresses the … Continued

Barely one in ten families are at risk of an overnight effect of today’s rate rise through higher mortgage costs, with young and middle income mortgage owners facing the biggest cost increases, the Resolution Foundation said today in response to the Bank’s decision to raise interest rates by 0.25ppts. The Foundation’s analysis finds that the … Continued

The current design of Universal Credit is not “fit for purpose” in 21st century Britain Change needed to end six week waits, recognise not everyone is paid monthly, and avoid big losses looming for lone parents Universal Credit needs urgent change if it is to be fit for purpose and become the bold welfare reform … Continued

  The latest fall in real pay means that average earnings are no higher than they were back in February 2006, the Resolution Foundation said (Wednesday) in response to today’s labour market figures. Real earnings fell by -0.4 per cent in the three months to August. However, with the rate of inflation having increased since … Continued

  Rising inflation is dealing a double living standards blow to low and middle income working families from squeezed pay packets and reduced state support, the Resolution Foundation said today in response to the latest inflation figures. The figures – which saw CPI increase to 3% and CPIH to 2.8% in September – confirm the … Continued

  Exiting the EU without a trade deal and reverting to WTO ‘most-favoured nation’ (MFN) tariffs with the EU would lead to significant price rises across a range of goods, with low-income households facing the biggest cost pressures. This is according to a new joint-report published today (Tuesday) by the Resolution Foundation and the UK … Continued

  Concerning fall in apprenticeship starts after years of steady progress The concerning fall in apprenticeship starts suggests that the government will need to make the new Apprenticeship Levy more user-friendly for businesses to get the welcome progress of recent years back on track, the Resolution Foundation said in response to the latest figures published … Continued

The number of low-paid employees dropped by over 300,000 last year as Britain experienced its biggest year on year fall in low pay since 1977, according to a new report by the Resolution Foundation published today (Thursday). Low Pay Britain 2017, the seventh instalment of the Foundation’s flagship annual low pay report, shows that the UK remains too reliant on low paid work, defined as employees earning less than two-thirds … Continued

  Over half a million of Britain’s economically inactive population have a high probability of finding work, suggesting there is far more slack in the labour market than the headline unemployment figures suggest. This is according to the Resolution Foundation’s latest quarterly Earnings Outlook – supported by the Nuffield Foundation – published today (Monday). With … Continued

  The proportion of BAME workers with degrees has increased rapidly over the last two decades, but they still face a jobs gap and pay penalty compared to white graduates in the workforce, according to a new analysis published today (Saturday) by the Resolution Foundation. The Foundation says that the disparities facing BAME groups shows … Continued

Young people have experienced the tightest squeeze on household spending since 2000 and now consume 15 per cent less than older working age people on items other than housing, according to a new report published today (Saturday) by the Resolution Foundation. The finding of a consumption ‘youth deficit’ is in stark contrast to common claims … Continued

The average share of income that Britain’s families spend on housing has trebled over the last 50 years, with young people having to make do with longer commutes and smaller, insecure rented accommodation, according to a new report published today (Wednesday) by the Resolution Foundation. As Labour and the Conservatives head to their party conferences … Continued